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Chemours Company (CC) Gets a Buy Rating from RBC Capital

RBC Capital analyst Arun Viswanathan maintained a Buy rating on Chemours Company (CCResearch Report) on July 13 and set a price target of $44.00. The company’s shares closed last Thursday at $31.01.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 2.9% and a 50.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Ardagh Metal Packaging.

Chemours Company has an analyst consensus of Moderate Buy, with a price target consensus of $44.55.

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Based on Chemours Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.76 billion and net profit of $234 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $96 million.

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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