Susquehanna analyst Don Carson reiterated a Buy rating on Chemours Company (NYSE: CC) yesterday and set a price target of $65. The company’s shares closed yesterday at $46.37.
According to TipRanks.com, Carson is a 4-star analyst with an average return of 13.1% and a 68.1% success rate. Carson covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Westlake Chemical Corp.
Currently, the analyst consensus on Chemours Company is a Moderate Buy with an average price target of $59.71, which is a 28.8% upside from current levels. In a report issued on August 3, BMO Capital also reiterated a Buy rating on the stock with a $68 price target.
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Based on Chemours Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.82 billion and net profit of $281 million. In comparison, last year the company earned revenue of $1.59 billion and had a net profit of $161 million.
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The Chemours Co. is a holding company, which engages in the provision of performance chemicals. It operates through the following segments: Titanium Technologies, Fluoroproducts, Chemical Solutions, and Corporate and Other. The Titanium Technologies segment produces titanium dioxide.
