Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.20 on Chemtura Corp. (NYSE:CHMT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.79 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Chemtura Corp. (NYSE:CHMT) stands at 93.69. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Chemtura Corp. Common Stock, the PEG ratio for coming 3-5 years is 0.76. Technical Analysis The technical analysis highlights that Chemtura Corp. Common Stock current price is trading $0.91 points away +3.36% from $27.01, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $26.34 and, for now, the stock price is trading $1.58 or +6.00% away from that point. The 52-week high of Chemtura Corp. (NYSE:CHMT) was $32.34 while lowest point recorded in 52-week was $23.50. It implies if stock price makes a movement of over $-4.42, it will record a new 52-week high. In the case of $+18.81% points drop, it will touch a new 52-week low.
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