Analysis: Chemours Company (NYSE:CC) Stock Target Has Been Increased Today
In an analyst research report issued by Barclays Capital on Friday morning, the firm, Chemours Company (NYSE:CC), had their target PPS lowered to $14.00. Analusts presently have a solid Overweight rating on the stock.
From a total of 7 analysts covering Chemours (NYSE:CC) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $14 while the lowest target price is $6. The mean of all analyst targets is $9 with a 143.29% above today’s ($5.96) stock price. Chemours was the topic of 8 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Argus Research initiated shares on September 18 with “Hold” rating. Citigroup initiated CC stock in a recent report from August 14 with “Neutral” rating. Finally, Susquehanna initiated the stock with “Neutral” rating in a report issued on a July 27.
Approximately 7.55M shares of stock traded hands or 206.91% up from the average. Chemours Co (NYSE:CC) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.
The Chemours Company is a well-known provider of performance chemicals. The company has a market cap of $962.65 million. The Firm delivers solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, general industrial, and mining and oil refining. It has 14.36 P/E ratio. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions.
According to Zacks Investment Research, “Chemours Company is involved in chemical business. It operating segment consists of Titanium Technologies, Fluoroproducts and Chemical Solutions. Titanium Technologies segment produces titanium dioxide and premium white pigment. Fluoroproducts segment provides fluoroproducts, refrigerants and industrial fluoropolymer resins. Chemical Solutions segment provides industrial and specialty chemicals. The company’s brand consists of Teflon(R), Ti-Pure(R), Krytox(R) Viton(R), Opteon(R) and Nafion(R). Chemours Company is headquartered in Wilmington.”