Chemours Co (NYSE:CC) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $56.50.
A number of research analysts recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Chemours from $48.00 to $47.00 and set a “hold” rating on the stock in a research report on Tuesday, September 25th. Barclays restated a “buy” rating and set a $62.00 price objective on shares of Chemours in a report on Tuesday, August 7th. BMO Capital Markets lowered their price objective on shares of Chemours from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Monday, August 6th. ValuEngine downgraded shares of Chemours from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 15th. Finally, Citigroup lowered their price objective on shares of Chemours from $69.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, July 11th.
Chemours stock opened at $32.41 on Tuesday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.47 and a current ratio of 2.09. Chemours has a 12-month low of $31.34 and a 12-month high of $57.68. The firm has a market cap of $5.88 billion, a P/E ratio of 8.48, a P/E/G ratio of 0.38 and a beta of 2.75.
Hedge funds have recently made changes to their positions in the company. Alambic Investment Management L.P. purchased a new stake in shares of Chemours in the second quarter valued at about $519,000. Systematic Financial Management LP purchased a new stake in shares of Chemours in the second quarter valued at about $1,298,000. Cozad Asset Management Inc. purchased a new stake in shares of Chemours in the second quarter valued at about $276,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Chemours in the second quarter valued at about $247,000. Finally, Korea Investment CORP raised its holdings in shares of Chemours by 16.5% in the second quarter. Korea Investment CORP now owns 357,655 shares of the specialty chemicals company’s stock valued at $15,866,000 after purchasing an additional 50,700 shares during the last quarter. Institutional investors own 76.59% of the company’s stock.
The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Fluoroproducts, and Chemical Solutions. The Titanium Technologies segment manufactures and sells titanium dioxide under the Ti-Pure and BaiMax brands for various applications in architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride window profiles, laminate papers used for furniture and building materials, and coated papers and paperboards used for packaging.
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