The stock of Chemours Co (NYSE:CC) hit a new 52-week high and has $23.90 target or 3.00% above today’s $23.20 share price. The 6 months bullish chart indicates low risk for the $4.22 billion company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $23.90 price target is reached, the company will be worth $126.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 242,665 shares traded hands. Chemours Co (NYSE:CC) has risen 151.79% since April 20, 2016 and is uptrending. It has outperformed by 147.23% the S&P500.
Chemours Co (NYSE:CC) Ratings Coverage
Out of 8 analysts covering Chemours (NYSE:CC), 3 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 38% are positive. $19 is the highest target while $5.25 is the lowest. The $11.38 average target is -50.95% below today’s ($23.2) stock price. Chemours has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock of Chemours Co (NYSE:CC) has “Hold” rating given on Friday, September 18 by Argus Research. The rating was initiated by Citigroup on Friday, August 14 with “Neutral”. Jefferies maintained Chemours Co (NYSE:CC) rating on Thursday, September 1. Jefferies has “Hold” rating and $15 price target. Susquehanna initiated the stock with “Neutral” rating in Monday, July 27 report. The stock has “Sell” rating given by UBS on Tuesday, August 18. The rating was upgraded by JP Morgan on Friday, August 7 to “Underweight”. The firm has “Buy” rating given on Monday, March 14 by Goldman Sachs. JP Morgan upgraded the shares of CC in a report on Friday, August 7 to “Neutral” rating. Citigroup maintained it with “Neutral” rating and $11 target price in Thursday, August 11 report. As per Monday, April 18, the company rating was maintained by Citigroup.
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.”
More important recent Chemours Co (NYSE:CC) news were published by: Fool.com which released: “Chemours Co Surges After New Jury Verdict” on July 08, 2016, also Investorplace.com published article titled: “Trade of the Day: Chemours Co (NYSE:CC)”, Valuewalk.com published: “Chemours Co (CC) â€œMost Morally And Financially Bankrupt Companyâ€ Ever: Citron …” on June 02, 2016. More interesting news about Chemours Co (NYSE:CC) was released by: Valuewalk.com and their article: “Chemours Co (CC) Starts To Rally After Tanking On Wednesday” with publication date: July 07, 2016.
CC Company Profile
The Chemours Company, incorporated on February 18, 2014, is a well-known provider of performance chemicals. The Firm operates through three divisions: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Company’s Titanium Technologies segment produces titanium dioxide (TiO2). The Company’s Fluoroproducts segment provides fluoroproducts, such as refrigerants and industrial fluoropolymer resins. The Company’s Chemical Solutions segment provides industrial and specialty chemicals used in gold production, oil refining, agriculture, industrial polymers and other industries. The Firm operates approximately 30 production facilities located in over 10 countries and serves a range of end markets in over 130 countries.
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