Clariant (CLZNY) Projected to Post Earnings on Friday

Clariant (OTCMKTS:CLZNY) is expected to be issuing its resultson Friday, July 31st. Analysts expect Clariant to announce earnings of $0.3465 per share and revenue of $2.3892 billion for the quarter.

Clariant Price Performance

Shares of Clariant stock opened at $9.70 on Friday. The stock’s fifty day simple moving average is $9.70 and its 200 day simple moving average is $9.94. Clariant has a 12 month low of $8.45 and a 12 month high of $12.16.

Analysts Set New Price Targets

CLZNY has been the subject of several recent analyst reports. Zacks Research upgraded Clariant from a “strong sell” rating to a “hold” rating in a report on Tuesday. Morgan Stanley cut Clariant from an “overweight” rating to an “underweight” rating in a report on Monday. Finally, The Goldman Sachs Group upgraded Clariant from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Clariant currently has an average rating of “Reduce”.

About Clariant

Clariant AG is a Switzerland-based specialty chemicals company that traces its roots back to a spin-off from Sandoz in 1995. Headquartered in Muttenz near Basel, the firm develops, manufactures and markets a broad portfolio of chemical solutions for industries worldwide. While its primary listing is on the SIX Swiss Exchange, Clariant’s shares also trade OTC under the symbol CLZNY, reflecting its global investor reach.

The company operates through three core segments: Care Chemicals, Catalysis and Natural Resources.