In a report released today, John McNulty from BMO Capital maintained a Buy rating on Chemours Company (CC – Research Report), with a price target of $53.00. The company’s shares closed last Monday at $29.76.
According to TipRanks.com, McNulty is a 4-star analyst with an average return of 4.8% and a 52.3% success rate. McNulty covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
Chemours Company has an analyst consensus of Moderate Buy, with a price target consensus of $42.33, which is a 41.3% upside from current levels. In a report issued on February 10, Alembic Global also maintained a Buy rating on the stock with a $46.00 price target.
Based on Chemours Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.68 billion and net profit of $214 million. In comparison, last year the company earned revenue of $1.23 billion and had a net profit of $76 million.
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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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