Stock Worth Watching: Chemours Co on Focus After Trading At 52-Week Highs

Stock Worth Watching: Chemours Co on Focus After Trading At 52 Week Highs

The stock of Chemours Co (NYSE:CC) hit a new 52-week high and has $25.40 target or 7.00% above today’s $23.74 share price. The 5 months bullish chart indicates low risk for the $4.48B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $25.40 price target is reached, the company will be worth $313.60 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 224,375 shares traded hands. Chemours Co (NYSE:CC) has risen 157.02% since April 27, 2016 and is uptrending. It has outperformed by 151.79% the S&P500.

Analysts await Chemours Co (NYSE:CC) to report earnings on February, 28. They expect $0.31 EPS, up 933.33% or $0.28 from last year’s $0.03 per share. CC’s profit will be $58.50 million for 19.15 P/E if the $0.31 EPS becomes a reality. After $0.61 actual EPS reported by Chemours Co for the previous quarter, Wall Street now forecasts -49.18% negative EPS growth.

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 -52.06% below today’s ($23.74) stock price. Chemours has been the topic of 16 analyst reports since July 27, 2015 according to StockzIntelligence Inc. On Friday, August 7 the stock rating was upgraded by JP Morgan to “Underweight”. JP Morgan upgraded the stock to “Neutral” rating in Friday, August 7 report. The firm has “Neutral” rating given on Monday, April 18 by Citigroup. The firm has “Buy” rating by Argus Research given on Wednesday, August 10. The firm earned “Sell” rating on Tuesday, August 18 by UBS. The rating was upgraded by Goldman Sachs to “Buy” on Monday, March 14. The firm has “Sell” rating given on Tuesday, August 9 by UBS. The stock of Chemours Co (NYSE:CC) has “Hold” rating given on Tuesday, February 16 by Jefferies. The rating was initiated by Susquehanna with “Neutral” on Monday, July 27. The firm has “Hold” rating by Jefferies given on Thursday, September 1.

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) “Most Morally And Financially Bankrupt Company” 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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