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CYT $75.17   View long term graphs

Cytec Industries, Inc.
Type
Subsidiary
Traded as NYSE: CYT
Industry Chemicals, Materials, Aerospace, Automotive and Coatings
Founded 1907 - American Cyanamid Company, 1993 - Cytec
Headquarters Woodland Park, New Jersey, United States
Area served
Worldwide
Key people
Shane D. Flemming
(President and CEO)
Revenue Increase US$ 1.90 billion (2013)
Number of employees
3,600+ (2012)
Subsidiaries Cytec Engineered Materials
Website http://www.cytec.com

Cytec Industries Incorporated, based in Woodland Park, New Jersey is a speciality chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in NYSE with stock symbol "CYT".

Cytec currently has about 3,600 employees in Europe, North and South America, Asia and Australia.

In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion. In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.

News

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q1 2016 2016-04-19 Future report Set alerts
Q4 2015 2016-01-26 Future report Set alerts
Q3 2015 2015-10-22 0.90 0.81
Q2 2015 2015-07-16 0.81 0.77
Q1 2015 2015-04-16 0.82 0.58
Q4 2014 2015-01-27 0.66 -0.39
Q3 2014 2014-10-16 0.74 0.73
Q2 2014 2014-07-17 0.86 0.85
Q1 2014 2014-04-22 0.71 0.76
Q4 2013 2014-01-30 0.58 0.77

Ratings

2015-10-06 Upgrade Sterne Agee CRT Neutral to Buy
2015-10-05 Downgrade Sterne Agee CRT Buy to Neutral $65.00 to $75.25
2015-09-23 Downgrade Jefferies Group Buy to Hold $75.00
2015-08-20 Downgrade Citigroup Inc. Buy to Neutral $75.25
2015-08-17 Downgrade Goldman Sachs Buy to Neutral $69.00 to $68.00
2015-08-17 Downgrade Goldman Sachs Group Inc. Buy to Neutral $69.00 to $68.00
2015-06-24 Reiterated Rating Sterne Agee CRT Buy $65.00
2015-06-04 Initiated Coverage Global Hunter Securities Buy $69.00
2015-06-04 Initiated Coverage Seaport Global Securities Buy $69.00
2015-04-23 Downgrade First Analysis Overweight to Equal Weight
2015-04-21 Boost Price Target Citigroup Inc. Buy $60.00 to $65.00
2015-04-20 Boost Price Target Cowen and Company $54.00 to $62.00
2015-04-17 Reiterated Rating Deutsche Bank Hold $53.00 to $58.00
2015-04-17 Reiterated Rating Deutsche Bank AG Hold $53.00 to $58.00
2015-04-14 Boost Price Target KeyBanc Overweight $56.00 to $65.00
2015-04-14 Boost Price Target KeyCorp Overweight $56.00 to $65.00
2015-03-25 Boost Price Target Credit Suisse Outperform $57.00 to $61.00
2015-03-25 Boost Price Target Credit Suisse Group AG Outperform $57.00 to $61.00
2015-03-19 Upgrade Citigroup Inc. Neutral to Buy $51.00 to $60.00
2015-02-06 Boost Price Target Deutsche Bank Hold $48.00 to $53.00
2015-02-04 Initiated Coverage Sterne Agee CRT Buy $60.00
2015-02-03 Upgrade Jefferies Group Hold to Buy $49.00 to $68.00
2015-01-29 Reiterated Rating Citigroup Inc. Hold $50.00 to $51.00
2014-10-20 Reiterated Rating Citigroup Inc. Neutral $52.00 to $49.00
2014-10-17 Reiterated Rating Deutsche Bank Hold $115.00 to $57.50
2014-10-15 Reiterated Rating Jefferies Group Hold $60.00 to $49.00
2014-10-06 Reiterated Rating Citigroup Inc. Neutral $56.50 to $52.00
2014-09-16 Reiterated Rating Cowen and Company Outperform $57.50 to $54.00
2014-07-28 Reiterated Rating Citigroup Inc. Neutral $54.00 to $56.50
2014-07-21 Boost Price Target Jefferies Group Hold $52.50 to $60.00
2014-07-21 Boost Price Target Cowen and Company Outperform $55.00 to $57.50
2014-07-21 Reiterated Rating Deutsche Bank Hold $51.00 to $57.50
2014-07-18 Boost Price Target Oppenheimer Outperform $52.50 to $61.50
2014-07-18 Boost Price Target Oppenheimer Holdings Inc. Outperform $52.50 to $61.50
2014-07-16 Reiterated Rating KeyBanc Buy $56.50 to $59.50
2014-07-09 Reiterated Rating Citigroup Inc. Neutral $50.50 to $54.00
2014-06-26 Initiated Topeka Capital Markets Hold $108
2014-06-25 Initiated Coverage Topeka Capital Markets Hold $54.00
2014-06-12 Reiterated Rating Jefferies Group Hold $46.00 to $52.50
2014-04-09 Boost Price Target Citigroup Inc. Neutral $50.00 to $50.50
2014-04-09 Boost Price Target KeyBanc Buy $52.00 to $56.50
2014-03-27 Edison Investment Research Positive
2014-02-03 Boost Price Target Oppenheimer Outperform $48.00 to $52.50
2014-01-08 Initiated Coverage Stifel Nicolaus Hold
2013-10-08 Initiated Coverage Cowen and Company Outperform $49.50
2013-10-08 Downgrade Deutsche Bank Buy to Hold $42.50 to $45.00
2013-09-27 Initiated Oppenheimer Outperform $96
2013-09-26 Initiated Coverage Oppenheimer Outperform $48.00
2013-06-10 Reiterated Deutsche Bank Buy $80 to $84
2011-01-31 Upgrade Deutsche Bank Hold to Buy $58 to $65
2009-10-16 Upgrade Credit Suisse Neutral to Outperform $40 to $46
2009-09-21 Upgrade KeyBanc Capital Mkts Hold to Buy $42
2009-07-20 Reiterated Jefferies & Co Buy $25 to $28
2009-07-17 Reiterated Credit Suisse Neutral $18.50 to $22
2015-10-06 Upgrade Sterne Agee CRT Neutral to Buy
2015-10-05 Downgrade Sterne Agee CRT Buy to Neutral $65.00 to $75.25
2015-09-23 Downgrade Jefferies Group Buy to Hold $75.00
2015-08-20 Downgrade Citigroup Inc. Buy to Neutral $75.25
2015-08-17 Downgrade Goldman Sachs Buy to Neutral $69.00 to $68.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Funds

In CYT 3 funds of 2183 total. Show all

Fund name Ticker shares
SHAPIRO ROBERT N 5318
VTL Associates, LLC 4748
MANAGED ACCOUNT ADVISORS LLC 508

Major Shareholders

Name Relationship Total Shares Holding stocks
SATRUM JERRY R 0.11%  (38229) CYT /
DRILLOCK DAVID M VP, Chief Financial Officer 0.10%  (36826) CYT /

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