Chemours Co. (CC) Hits New 52-Week High at $13.85
Shares of Chemours Co. (NYSE:CC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $13.85 and last traded at $13.63, with a volume of 1,526,700 shares changing hands. The stock had previously closed at $13.47.
Several brokerages have issued reports on CC. TheStreet raised shares of Chemours from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Argus restated a “hold” rating on shares of Chemours in a report on Friday, May 13th. Zacks Investment Research cut shares of Chemours from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Vetr cut shares of Chemours from a “hold” rating to a “sell” rating and set a $7.56 price target on the stock. in a report on Wednesday, June 8th. Finally, Jefferies Group boosted their price target on shares of Chemours from $10.00 to $15.00 and gave the company a “hold” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Chemours presently has a consensus rating of “Hold” and an average target price of $11.94.
The stock has a 50 day moving average price of $10.85 and a 200 day moving average price of $8.66. The firm’s market capitalization is $2.47 billion.
Chemours (NYSE:CC) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.10. The business earned $1.38 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business posted ($0.10) earnings per share. Chemours’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Chemours Co. will post $0.92 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 17th will be paid a $0.03 dividend. The ex-dividend date is Monday, August 15th. This represents a $0.12 dividend on an annualized basis and a yield of 0.88%.
The Chemours Company is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Company’s Titanium Technologies segment manufactures titanium dioxide (TiO2), which is a pigment used to deliver whiteness, opacity, brightness and protection from sunlight in applications, such as architectural and industrial coatings, plastic packaging, polyvinyl chloride (PVC) window profiles, laminate papers, coated paper and coated paperboard used for packaging.
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