Other research analysts have also issued reports about the company. Bank of America cut their price objective on Chemours from $44.00 to $36.00 in a research report on Thursday. Royal Bank of Canada cut their price objective on Chemours from $48.00 to $35.00 in a research report on Thursday. UBS Group raised their price objective on Chemours from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Finally, Citigroup lifted their target price on Chemours to $36.00 in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $36.67.
Chemours Stock Down 5.3 %
Shares of NYSE CC opened at $26.65 on Friday. The business has a 50-day moving average price of $34.36 and a 200 day moving average price of $34.56. The company has a quick ratio of 1.27, a current ratio of 1.91 and a debt-to-equity ratio of 3.01. The stock has a market cap of $4.13 billion, a PE ratio of 4.97, a price-to-earnings-growth ratio of 0.38 and a beta of 1.80. Chemours has a 52-week low of $22.56 and a 52-week high of $44.95.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc raised its stake in Chemours by 63.2% during the 1st quarter. AdvisorNet Financial Inc now owns 785 shares of the specialty chemicals company’s stock valued at $25,000 after purchasing an additional 304 shares during the period. CNB Bank acquired a new stake in Chemours during the 2nd quarter valued at $25,000. Asset Management One Co. Ltd. acquired a new stake in Chemours during the 2nd quarter valued at $25,000. Prospera Financial Services Inc purchased a new position in shares of Chemours during the 1st quarter valued at $29,000. Finally, Dravo Bay LLC purchased a new position in shares of Chemours during the 1st quarter valued at $34,000. Institutional investors own 70.86% 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 four segments: Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure and BaiMax brands for delivering whiteness, brightness, opacity, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.
- Get a free copy of the StockNews.com research report on Chemours (CC)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase’s Earnings Say About the Return to the Office?
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
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.