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Chemours Company (CC) Receives a Buy from Alembic Global

In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Chemours Company (CCResearch Report), with a price target of $46.00. The company’s shares closed last Thursday at $35.47.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 12.7% and a 55.8% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical, and LyondellBasell.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Chemours Company with a $43.14 average price target, implying a 20.9% upside from current levels. In a report issued on January 26, RBC Capital also maintained a Buy rating on the stock with a $44.00 price target.

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The company has a one-year high of $38.87 and a one-year low of $23.30. Currently, Chemours Company has an average volume of 1.2M.

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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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