Chemtura (NYSE:CHMT) has been downgraded from Buy to Neutral in a report by SunTrust today.
- Updated: September 25, 2016
SunTrust has downgraded Chemtura (NYSE:CHMT) from Buy to Neutral in a statement released on 9/26/2016.
Having a price of $28.18, Chemtura (NYSE:CHMT) traded 2.29% higher on the day. The last closing price is up 2.39% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. CHMT has recorded a 50-day moving average of $29.33 and a 200-day moving average of $27.52. 589,651 shares of CHMT traded hands, up from an average trading volume of 396,645
Recent Performance Chart
Chemtura has 52 week low of $23.50 and a 52 week high of $32.34 with a PE ratio of 53.17 and has a market capitalization of $0.
In addition to SunTrust reporting its stock price target, a total of 7 brokers have issued a research note on the company. The average stock price target is $33.86 with 2 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Chemtura (NYSE:CHMT)
Chemtura Corporation is a developer, manufacturer and marketer of engineered industrial specialty chemicals. The Company's products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. It operates through two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a developer and manufacturer of bromine and bromine-based products and organometallic compounds. It operates in a range of end-use industries, including automotive, building and construction, electronics, lubricants, packaging and transportation.
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