Susquehanna Believes Chemours Company (NYSE: CC) Won’t Stop Here

By Jason Carr

In a report released today, Don Carson from Susquehanna reiterated a Buy rating on Chemours Company (NYSE: CC), with a price target of $55. The company’s shares opened today at $44.19, close to its 52-week high of $45.70.

According to TipRanks.com, Carson is a 4-star analyst with an average return of 15.6% and a 71.0% success rate. Carson covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Westlake Chemical Corp.

Currently, the analyst consensus on Chemours Company is Strong Buy and the average price target is $50.75, representing a 14.8% upside.

In a report issued on May 2, Jefferies also reiterated a Buy rating on the stock with a $48 price target.

Based on Chemours Company’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.44 billion and quarterly net profit of $150 million. In comparison, last year the company earned revenue of $1.3 billion and had a net profit of $51 million.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock.

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The Chemours Co. 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, a premium white pigment used to deliver opacity. 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 company was founded on February 18, 2014 and is headquartered in Wilmington, Delaware.