The Research Analysts’ Recent Ratings Changes for Chemtura Corp. (CHMT)

The Research Analysts’ Recent Ratings Changes for Chemtura Corp. (CHMT)

Several brokerages have updated their recommendations and price targets on shares of Chemtura Corp. (NYSE: CHMT) in the last few weeks:

Shares of Chemtura Corp. (NYSE:CHMT) traded down 0.12% during mid-day trading on Friday, hitting $32.78. The stock had a trading volume of 839,086 shares. Chemtura Corp. has a 12-month low of $23.50 and a 12-month high of $32.99. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 61.85 and a beta of 1.67. The stock’s 50-day moving average price is $30.36 and its 200-day moving average price is $28.22.

Chemtura Corp. (NYSE:CHMT) last released its quarterly earnings data on Thursday, July 28th. The company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by $0.06. Chemtura Corp. had a net margin of 2.06% and a return on equity of 11.99%. The firm earned $441 million during the quarter, compared to the consensus estimate of $440.06 million. During the same quarter in the prior year, the company earned $0.29 EPS. Chemtura Corp.’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts anticipate that Chemtura Corp. will post $1.77 EPS for the current fiscal year.

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