Calgon Carbon Corp. Receives a Hold from Roth Capital

By Carrie Williams

Roth Capital analyst Gerry Sweeney reiterated a Hold rating on Calgon Carbon Corp. (NYSE: CCC) today and set a price target of $16. The company’s shares opened today at $15.10.

According to TipRanks.com, Sweeney is a 1-star analyst with an average return of -1.7% and a 40.4% success rate. Sweeney covers the Industrial Goods sector, focusing on stocks such as Dynamic Materials Corp., Heritage-Crystal Clean, and Ceco Environmental.

Calgon Carbon Corp. has an analyst consensus of Moderate Buy.

Calgon Carbon Corp.’s market cap is currently $697.8M and has a P/E ratio of 23.20. The company has a book value ratio of 1.7620.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CCC in relation to earlier this year. Most recently, in March 2016, William Newlin, a Director at CCC bought 7,440 shares for a total of $54,163.

Calgon Carbon Corp. manufactures and supplies activated carbon. The company also provides reactivation, and application of activated carbon, ballast water treatment, ultraviolet light disinfection, and advanced ion-exchange technologies. Its technologies are applied by customers for the treatment of drinking water, wastewater, ballast water, air emissions and a variety of industrial and commercial manufacturing processes. Calgon Carbon operates its business through three segments: Activated Carbon and Service, Equipment and Consumer. The Activated Carbon and Service segment manufactures granular activated carbon for use in applications to remove organic compounds from liquids, gases, water and air. This segment also consists of services related to activated carbon, including reactivation of spent carbon and the leasing, monitoring, and maintenance of carbon fills at customer sites. The Equipment segment provides solutions to customers air and water process problems through the design, fabrication and operation of systems that utilize the company’s enabling technologies: ballast water, ultraviolet light, advanced ion exchange separation and carbon adsorption. The Consumer segment supplies activated carbon for use in military, industrial, and medical applications. The company was founded in 1967 and is headquartered in Moon Township, PA.