Chemours (NYSE:CC) PT lowered to $105.00 at UBS Group

Chemours (NYSE:CC ​​- Get Grade) saw its price target lowered by UBS Group equity analysts to $105.00 in a note released to investors on Wednesday, reports The Fly. UBS Group’s target price indicates upside potential of 234.39% from the company’s current price.

Several other analysts have also published reports on the CC. StockNews.com downgraded shares of Chemours from a “strong buy” rating to a “buy” rating in a Tuesday, June 21 research report. Barclays raised its price target on Chemours shares from $37.00 to $46.00 in a Monday May 9 research report. Finally, Bank of America downgraded Chemours shares from a “buy” rating to a “neutral” rating and lowered its price target for the company from $48.00 to $44.00 in a research report from the Tuesday, June 14. Three research analysts rated the stock with a hold rating and two gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $53.20.

CC stock traded at $0.30 at midday on Wednesday, hitting $31.40. The company had a trading volume of 23,861 shares, compared to an average volume of 1,916,797. The company has a market capitalization of $4.88 billion, a PE ratio of 6.99, a price-to-growth ratio of earnings of 0.44 and a beta of 1.86. The company has a debt ratio of 3.16, a quick ratio of 1.25 and a current ratio of 1.91. Chemours has a 12-month low of $22.56 and a 12-month high of $44.95. The stock’s fifty-day moving average price is $37.39 and its two-hundred-day moving average price is $33.84.

(A d)

Lithium is the green revolution’s most valuable commodity, and experts predict an explosion in demand for this energy metal. Surrounded by multi-billion dollar assets, a little-known small-cap company in a renowned South American location could become a strong link in the lithium supply chain due to a monster acquisition.

Chemours (NYSE:CC ​​- Get Rating) last reported quarterly earnings data on Monday, May 2. The specialty chemicals company reported EPS of $1.46 for the quarter, beating the consensus estimate of $0.92 by $0.54. Chemours had a net margin of 11.19% and a return on equity of 76.47%. The company posted revenue of $1.76 billion for the quarter, versus analyst estimates of $1.54 billion. In the same quarter a year earlier, the company posted earnings per share of $0.71. Stock analysts expect Chemours to post earnings per share of 5.24 for the current year.

In other Chemours news, insider Edwin C. Sparks sold 22,142 shares of the company in a trade that took place on Tuesday, June 7. The shares were sold at an average price of $43.59, for a total value of $965,169.78. Following the completion of the transaction, the insider now owns 101,038 shares of the company, valued at approximately $4,404,246.42. The transaction was disclosed in a filing with the SEC, which is available via this link. Additionally, SVP Alvenia Scarborough sold 7,249 shares of the company in a trade that took place on Thursday, May 5. The stock was sold at an average price of $40.42, for a total transaction of $293,004.58. Following the completion of the transaction, the senior vice president now directly owns 12,322 shares of the company, valued at approximately $498,055.24. The disclosure of this sale can be found here. Insiders sold a total of 296,280 shares of the company worth $11,989,133 in the past ninety days. 3.04% of the shares are currently held by insiders.

Several institutional investors have recently changed their positions in the company. Hancock Whitney Corp increased its stake in Chemours by 1.5% in the first quarter. Hancock Whitney Corp now owns 18,442 shares of the specialty chemicals company valued at $581,000 after buying an additional 265 shares last quarter. AdvisorNet Financial Inc increased its stake in Chemours shares by 63.2% in Q1. AdvisorNet Financial Inc now owns 785 shares of the specialty chemicals company valued at $25,000 after buying 304 additional shares in the last quarter. Comerica Bank increased its stake in Chemours shares by 0.4% in the 1st quarter. Comerica Bank now owns 77,443 shares of the specialty chemicals company valued at $2,761,000 after buying 326 more shares last quarter. Old North State Trust LLC increased its stake in shares of Chemours by 58.7% in the 4th quarter. Old North State Trust LLC now owns 949 shares of the specialty chemicals company valued at $32,000 after buying 351 additional shares last quarter. Finally, AE Wealth Management LLC increased its stake in Chemours shares by 5.8% in the 1st quarter. AE Wealth Management LLC now owns 6,614 shares of the specialty chemicals company valued at $208,000 after buying 361 additional shares last quarter. 76.38% of the shares are held by institutional investors.

Chemours Company Profile (Get a rating)

The Chemours Company provides performance chemicals in North America, Asia-Pacific, Europe, the Middle East, Africa and Latin America. It operates through four segments: Titanium Technologies, Thermal and Specialty Solutions, Advanced Performance Materials and Chemical Solutions. The Titanium Technologies segment provides TiO2 pigments under the Ti-Pure and BaiMax brands to provide whiteness, luminosity, opacity and protection in various applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinyl chloride, laminated papers used for furniture. and building materials, coated paper and coated paperboard used for packaging.

Read more

The Fly logo

Should you invest $1,000 in Chemours right now?

Before you consider Chemours, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Chemours wasn’t on the list.

Although Chemours currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

About Gertrude H. Kerr

Check Also

Growing Furniture Bank

CINCINNATI — More work-from-home jobs are helping a furniture bank grow. What do you want …