UBS Maintains Chemours Co to Sell with Price Target $5.25

Brokerage firm UBS Maintains its rating on Chemours Co(NYSE:CC). In a research note issued to the investors, the brokerage major Raises the price-target to $5.25 per share. The shares have been rated Sell. The rating by UBS was issued on Aug 9, 2016.

In a different note, On Jul 15, 2016, Citigroup said it Maintains its rating on Chemours Co. In the research note, the firm Lowers the price-target to $10.50 per share. The shares have been rated ‘Neutral’ by the firm.

Chemours Co (CC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.99% or 0.12 points. Due to strong positive momentum, the stock ended at $12.24, which is also near the day’s high of $12.38. The stock began the session at $12.11 and the volume stood at 21,61,430 shares. The 52-week high of the shares is $12.495 and the 52 week low is $3.06. The company has a current market capitalization of $2,222 M and it has 18,15,45,140 shares in outstanding.

Chemours Co(CC) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.38B. Analysts had an estimated revenue of $1.42B. Earnings per share were $0.27. Analysts had estimated an EPS of $0.17.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Mark Newman (CFO) purchased 2,800 shares at $9.70 per share price.Also, On May 6, 2016, Bradley J Bell (director) purchased 10,000 shares at $9.65 per share price.On Feb 29, 2016, Stephen D Newlin (director) purchased 10,000 shares at $4.95 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.

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