Chemours Company (CC) Gets a Buy Rating from Alembic Global

Alembic Global analyst Hassan Ahmed maintained a Buy rating on Chemours Company (CCResearch Report) today and set a price target of $40.00. The company’s shares closed last Monday at $33.10.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 10.5% and a 52.0% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical, and Venator Materials.

Currently, the analyst consensus on Chemours Company is a Moderate Buy with an average price target of $40.67, a 21.0% upside from current levels. In a report issued on April 19, Wolfe Research also maintained a Buy rating on the stock with a $39.00 price target.

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Chemours Company’s market cap is currently $5.27B and has a P/E ratio of 9.14.

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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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