KeyBanc downgraded Chemtura (NYSE:CHMT) from Overweight to Sector Weight in a statement released earlier today.
- Updated: October 17, 2016
Boasting a price of $32.78, Chemtura (NYSE:CHMT) traded 0.06% higher on the day. With the last stock price close up 16.11% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Chemtura has recorded a 50-day average of $30.43 and a two hundred day average of $28.25. Volume of trade was down over the average, with 81,300 shares of CHMT changing hands under the typical 910,492
KeyBanc has downgraded Chemtura (NYSE:CHMT) from Overweight to Sector Weight in a statement released on Monday October 17, 2016.
On 10/3/2016, Zacks Investment Research released a statement for Chemtura (NYSE:CHMT) bumped up the target price from $0.00 to $37.00 that suggested an upside of 0.13%.
With a total market value of $0, Chemtura has price-earnings ratio of 61.89 with a one year low of $23.50 and a one year high of $32.99 .
A total of 7 equity analysts have released a research note on CHMT. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $33.86.
Brief Synopsis About 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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