Brokerages Set Chemours Co (CC) PT at $57.95

Shares of Chemours Co (NYSE:CC) have earned a consensus rating of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $57.95.

CC has been the topic of a number of recent analyst reports. Jefferies Group boosted their target price on Chemours to $66.00 and gave the stock a “buy” rating in a research report on Monday, December 4th. Goldman Sachs Group lowered Chemours from a “buy” rating to a “neutral” rating and set a $55.00 target price on the stock. in a research report on Wednesday, December 6th. Barclays reaffirmed a “buy” rating and set a $60.00 target price on shares of Chemours in a research report on Wednesday, December 6th. Zacks Investment Research lowered Chemours from a “buy” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Morgan Stanley initiated coverage on Chemours in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $57.50 target price on the stock.

How to Become a New Pot Stock Millionaire

In other news, insider Paul Kirsch sold 13,770 shares of Chemours stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $50.01, for a total transaction of $688,637.70. Following the transaction, the insider now owns 63,093 shares in the company, valued at $3,155,280.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Mark Newman sold 29,381 shares of Chemours stock in a transaction on Friday, March 9th. The shares were sold at an average price of $49.19, for a total value of $1,445,251.39. The disclosure for this sale can be found here. Insiders own 1.14% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Strs Ohio purchased a new position in shares of Chemours during the fourth quarter valued at $116,000. Clearbridge LLC grew its stake in Chemours by 93.6% in the fourth quarter. Clearbridge LLC now owns 2,689 shares of the specialty chemicals company’s stock valued at $135,000 after purchasing an additional 1,300 shares in the last quarter. Gamco Investors INC. ET AL purchased a new position in Chemours in the third quarter valued at about $202,000. Bell Bank purchased a new position in Chemours in the third quarter valued at about $202,000. Finally, First Allied Advisory Services Inc. purchased a new position in Chemours in the third quarter valued at about $202,000. Institutional investors and hedge funds own 77.83% of the company’s stock.

Chemours (CC) traded up $0.61 on Friday, hitting $49.88. The stock had a trading volume of 998,609 shares, compared to its average volume of 1,779,464. Chemours has a 12 month low of $32.31 and a 12 month high of $58.08. The company has a quick ratio of 1.55, a current ratio of 2.12 and a debt-to-equity ratio of 4.74. The company has a market cap of $9,067.80, a P/E ratio of 12.75, a PEG ratio of 0.60 and a beta of 3.03.

Chemours (NYSE:CC) last posted its quarterly earnings data on Wednesday, February 14th. The specialty chemicals company reported $1.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.24. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.55 billion. Chemours had a return on equity of 115.54% and a net margin of 12.06%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.08 EPS. research analysts expect that Chemours will post 5.3 earnings per share for the current fiscal year.

Chemours declared that its Board of Directors has authorized a share repurchase plan on Friday, December 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the specialty chemicals company to buy shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

WARNING: This news story was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/04/08/brokerages-set-chemours-co-cc-pt-at-57-95.html.

About Chemours

The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins.

Analyst Recommendations for Chemours (NYSE:CC)

Receive News & Ratings for Chemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chemours and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply