Analysts Set The Chemours Company (NYSE:CC) Target Price at $30.89

Shares of The Chemours Company (NYSE:CC) have been assigned an average recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $31.63.

Several equities research analysts have recently commented on the company. UBS Group boosted their price target on Chemours from $21.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. Barclays lowered their target price on Chemours from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 2nd. Finally, BMO Capital Markets raised Chemours from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $19.00 to $34.00 in a research note on Tuesday, April 9th.

Chemours Price Performance

Shares of NYSE CC opened at $27.71 on Tuesday. The company’s fifty day moving average is $26.69 and its two-hundred day moving average is $27.84. The company has a debt-to-equity ratio of 5.40, a quick ratio of 1.00 and a current ratio of 1.54. The firm has a market capitalization of $4.13 billion, a P/E ratio of -17.88 and a beta of 2.00. Chemours has a one year low of $15.10 and a one year high of $39.05.

Chemours (NYSE:CC) last released its quarterly earnings data on Wednesday, March 27th. The specialty chemicals company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. Chemours had a negative net margin of 3.80% and a positive return on equity of 51.73%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. Analysts forecast that Chemours will post 2.23 EPS for the current fiscal year.

Chemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Monday, February 26th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, February 23rd. Chemours’s dividend payout ratio is presently -64.52%.

Institutional Investors Weigh In On Chemours

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC boosted its holdings in shares of Chemours by 41.3% during the third quarter. CWM LLC now owns 3,495 shares of the specialty chemicals company’s stock worth $98,000 after purchasing an additional 1,021 shares during the last quarter. IFP Advisors Inc boosted its stake in Chemours by 39.0% in the 3rd quarter. IFP Advisors Inc now owns 2,232 shares of the specialty chemicals company’s stock worth $63,000 after buying an additional 626 shares during the last quarter. Avior Wealth Management LLC acquired a new stake in Chemours in the 3rd quarter worth about $80,000. Richelieu Gestion SA purchased a new stake in Chemours in the 3rd quarter valued at about $2,707,000. Finally, Oak Thistle LLC acquired a new position in shares of Chemours during the 3rd quarter valued at about $467,000. 76.26% of the stock is currently owned by hedge funds and other institutional investors.

Chemours Company Profile

The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America. It operates through three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment provides TiO2 pigment under the Ti-Pure brand for delivering whiteness, brightness, opacity, durability, efficiency, and protection in various of applications, such as architectural and industrial coatings, flexible and rigid plastic packaging, polyvinylchloride, laminate papers used for furniture and building materials, coated paper, and coated paperboard used for packaging.