Chemours Co (CC) was Reiterated by Barclays to “Overweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 . Barclays advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Chemours Co. Chemours Co was Upgraded by Goldman to ” Buy” on Mar 14, 2016. Chemours Co was Downgraded by Jefferies to ” Hold” on Feb 16, 2016.
On the company’s financial health, Chemours Co reported $0.06 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $0.06. The company had revenue of $1297.00 million for the quarter, compared to analysts expectations of $1267.06 million. The company’s revenue was down -4.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.
Chemours Co opened for trading at $9.9 and hit $10.29 on the upside on Friday, eventually ending the session at $10.26, with a gain of 3.95% or 0.39 points. The heightened volatility saw the trading volume jump to 21,54,104 shares. Company has a market cap of $1,861 M.
In a different news, on May 6, 2016, Bradley J Bell (director) purchased 10,000 shares at $9.65 per share price. According to the SEC, on Feb 29, 2016, Stephen D Newlin (director) purchased 10,000 shares at $4.95 per share price. On Feb 12, 2016, Mark Newman (SVP and CFO) sold 16 shares at $9.37 per share price, according to the Form-4 filing with the securities and exchange commission.
The Chemours Company (Chemours) is a provider of performance chemicals. The Company delivers solutions with a range of industrial and specialty chemical products for markets including plastics and coatings refrigeration and air conditioning general industrial and mining and oil refining. The Company operates through three segments: Titanium Technologies Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2) under the brands including Ti-Pure and Vantage. Its Fluoroproducts segment is a provider of fluoroproducts under the brands including Suva ISCEON Freon Opteon Teflon Tefzel Viton Krytox Formacel Dymel FM 200 Nafion and Capstone. Its Chemical Solutions segment is a provider of industrial and specialty performance chemicals under the brands including Virkon and Oxone. The Company’s products include titanium dioxide refrigerants industrial fluoropolymer resins sodium cyanide sulfuric acid and aniline.