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.
Investment analysts gave a few price targets for CC. The most optimistic analyst gave a price target of 55, which equates to a potential upside of 17.47 percent. The most pessimistic analyst gave a price target of 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 19.84 percent. 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.
People are often interested in whether analysts were united in the direction of their revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 2 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 0 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CC to grow at a rate of 537.63 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies 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. Currently the stock is 443.16 percent higher than its low, and below the high by 3.64 percent. CC has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.