Analyst Ratings for Chemours Co. (CC)Updated: 2017-07-27
An average rating of Overweight has been given to Chemours Co. (NYSE:CC) by analysts covering the stock. CC had previously received a consensus rating of Overweight a month ago.
A buy rating was issued by 7 analysts, 0 gave an overweight rating, 0 gave a hold rating, 0 gave an underweight rating, and 2 gave a sell rating. Compared to three months ago, there has been an increase of 2 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Several price targets were given for CC by the analysts covering the stock. The highest price target was 55, implying a possible profit of 17.47 percent. The lowest price target was 18, which equates to a potential downside of -61.55 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 8.08 percent. That number becomes 19.84 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised upwards by 3.16 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 19.18 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 2 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.
The growth rate of CC's earnings is estimated by analysts to be 537.63 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of CC is 0.16.
In the trailing 52-weeks, CC hit 48.59 at the highest peak, while it's lowest trading point was 8.62. Today's price is 443.16 percent above the 52-week low, and 3.64 percent lower than its 52-week high. CC has a P/E ratio of 86.59. Investors typically compare the P/E ratio to a company's peers in the industry. The CC value stock report compares CC to some of its peers using value stock charts. The market cap of CC is $8.77 billion. CC will post this quarters earnings in days, on 0000-00-00.