Analyst Ratings for Chemtura Corp (CHMT)Updated: 2017-04-07
Analysts covering Chemtura Corp (NYSE:CHMT) have given it a consensus rating of Hold. Last month, CHMT received an average rating of Hold.
4 analysts issued ratings on the stock, where 0 gave CHMT a buy rating, 0 issued an overweight rating, 4 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.
Several price targets were given for CHMT by the analysts covering the stock. The most optimistic price target was 33.5, which equates to a potential upside of 0.3 percent. The minimum price target given was 33, which equates to a potential downside of -1.2 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 0 percent. The average change in earnings estimates over the last 90 days is -4.85 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.73 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
In the last 52-weeks, CHMT has achieved a high of 33.40 and a low of 24.61. The current market price is above the trailing year's low by 35.72 percent, and below the high by 0 percent. CHMT has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The CHMT value stock report compares CHMT to some of its peers using value stock charts. The market cap of CHMT is $2.11 billion. CHMT's next earnings release will be on 0000-00-00, which is days away.