Chemours Company Receives a Buy from Jefferies

By Jason Carr

Jefferies analyst Laurence Alexander reiterated a Buy rating on Chemours Company (NYSE: CC) yesterday and set a price target of $48. The company’s shares closed yesterday at $37.03.

According to TipRanks.com, Alexander is a 5-star analyst with an average return of 10.3% and a 63.6% success rate. Alexander covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Commercial Metals Company, and Sherwin-Williams Company.

Chemours Company has an analyst consensus of Strong Buy, with a price target consensus of $50.75.

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 40 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.