SunTrust Robinson Humphrey Downgrades Chemtura Corp to Neutral

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on Chemtura Corp(NYSE:CHMT). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Sep 26, 2016.

In a different note, On Sep 9, 2016, Baird said it Downgrades its rating on Chemtura Corp. The shares have been rated ‘Neutral’ by the firm.

Chemtura Corp (CHMT) made into the market gainers list on Thursdays trading session with the shares advancing 0.80% or 0.22 points. Due to strong positive momentum, the stock ended at $27.55, which is also near the day’s high of $27.79. The stock began the session at $27.79 and the volume stood at 4,43,834 shares. The 52-week high of the shares is $32.34 and the 52 week low is $23.5. The company has a current market capitalization of $1,741 M and it has 6,32,07,276 shares in outstanding.

Chemtura Corp(CHMT) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $431.00M. Analysts had an estimated revenue of $444.66M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Aug 23, 2016, Dalip Puri (VP and Treasurer) sold 1,900 shares at $31.48 per share price.Also, On May 5, 2016, Billie S. Flaherty (EVP, Gnrl. Counsel & Secretary) sold 3,993 shares at $26.91 per share price.On Mar 22, 2016, Laurence Michael Orton (VP, Corporate Controller) sold 2,000 shares at $27.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Chemtura Corporation (Chemtura) is a global 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. The Company operates in two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a global 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 global developer and manufacturer of bromine and bromine-based products and organometallic compounds. Its operations are located in North America Latin America Europe and Asia.

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