Dahlman Rose Lowers Price Target on Carbo Ceramics (CRR)
Investment analysts at Dahlman Rose cut their target price on shares of Carbo Ceramics (NYSE: CRR) from $122.00 to $99.00 in a note issued to investors on Monday. The firm currently has a “buy” rating on the stock.
Carbo Ceramics opened at 84.09 on Monday. Carbo Ceramics has a 52-week low of $82.16 and a 52-week high of $183.34. The company has a market cap of $1.941 billion and a price-to-earnings ratio of 14.96.
The company last announced its quarterly results on Thursday, April 26th. It reported $1.31 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $1.41 EPS by $0.10. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts predict that Carbo Ceramics will post $1.55 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Global Hunter Securities reiterated a “neutral” rating on shares of Carbo Ceramics in a research note to investors on Friday. They now have a $92.00 price target on the stock, down previously from $105.00. Separately, analysts at Barclays Capital (NYSE: BCS) cut their price target on shares of Carbo Ceramics from $157.00 to $125.00 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at BMO Capital Markets cut their price target on shares of Carbo Ceramics from $150.00 to $130.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock.
CARBO Ceramics Inc., is a supplier of ceramic proppant. The Company is a provider of software, and consulting services, spill prevention, containment and geotechnical monitoring.