Suntrust Robinson downgraded Chemtura (NYSE:CHMT) from Buy to Neutral in a report released today.
- Updated: September 26, 2016
Yesterday Chemtura (NYSE:CHMT) traded 2.29% higher at $32.56. The company’s 50-day moving average is $29.33 and its 200-day moving average is $27.52. The last stock close 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. 589,651 shares of the stock were exchanged, up from an average trading volume of 396,645
Suntrust Robinson has downgraded Chemtura (NYSE:CHMT) from Buy to Neutral in a report released on Monday September 26, 2016.
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Chemtura has a 52 week low of $23.50 and a 52 week high of $32.34 with a P/E ratio of 53.17 The company’s market cap is currently $0.
In addition to Suntrust Robinson reporting its target price, a total of 7 firms have reported on the stock. The consensus target price is $33.86 with 2 firms rating the stock a strong buy, 4 firms rating the stock a buy, 3 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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