Why Cytec Industries Inc. (NYSE:CYT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $72 on Cytec Industries Inc. (NYSE:CYT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3 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 Cytec Industries Inc. (NYSE:CYT) stands at N/A.

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 N/A, the PEG ratio for coming 3-5 years is 0.

Technical Analysis

The technical analysis highlights that N/A current is trading $N/A points away or N/A from its 50-day moving average of $75. Further it is trading $N/A or N/A away its 200-day moving average of $70.

The 52-week high of Cytec Industries Inc. (NYSE:CYT) was $75 while lowest point recorded in 52-week was $42. It implies if stock price makes a movement of over $N/A, it will record a new 52-week high. In the case of N/A drop, it will touch a new 52-week low.

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