Corn Products International, Inc. has been downgraded today by the securities research analysts at investment firm Deutsche Bank which downgraded Corn Products International from a “buy” rating to “hold.” Deutsche Bank did not adjust their price target on CPO which is currently fixed at $62 dollars. CPO is up during intraday trading for the first time in five days of trading. Noteworthy is that the company representatives are expected to attend the Deutsche Bank Global Consumer Conference on June 14th, 2011.
Corn Products International is slated to release their next earnings report on July 26, 2011 and the current consensus EPS estimate is expected to be $1.10 dollars. Corn Products International last earnings report was released last week on May 2nd, 2011 and announced EPS of $1.28 dollars with revenue totaling $1.460 billion which was up 55.8 % year to year. CPO is currently trading above its 50 & 200-day moving averages and 2011 is currently an up year for the company.
Corn Products International, Inc., together with its subsidiaries, manufactures and sells a number of ingredients to a wide variety of food, beverage, brewing and industrial customers. The company has market capitalization of $4,139,000,000 and 76,415,000 shares outstanding. CPO has a 52-week high of $57.91 with the low being $28.70 dollars.
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