Alembic Global Sticks to Its Buy Rating for Chemours Company (CC)

In a report released today, Hassan Ahmed from Alembic Global reiterated a Buy rating on Chemours Company (CCResearch Report), with a price target of $51.00. The company’s shares closed last Thursday at $34.90.

According to TipRanks.com, Ahmed is a 4-star analyst with an average return of 7.9% and a 47.9% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Venator Materials, and Westlake Chemical.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chemours Company with a $44.20 average price target, a 28.1% upside from current levels. In a report issued on July 13, RBC Capital also maintained a Buy rating on the stock with a $44.00 price target.

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Chemours Company’s market cap is currently $5.32B and has a P/E ratio of 7.63.

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Chemours Co. is a holding company, which engages in the provision of performance chemicals. It operates through the following segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment produces titanium dioxide. The Fluoroproducts segment supplies refrigerants and industrial fluoropolymer resins. The Chemical Solutions segment provides chemicals used in gold production, oil refining, agriculture, and industrial polymers. The firm offers refrigerants, industrial fluoropolymer resins, sodium cyanide, performance chemicals and intermediates, and titanium dioxide pigments to the plastics and coatings, refrigeration and air conditioning, general industrial, electronics, mining, and oil refining markets. The company was founded on February 18, 2014 and is headquartered in Wilmington, Delaware.

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