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What Are Analysts Recommending for Chemours ahead of 4Q16?

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Feb. 10 2017, Updated 1:05 p.m. ET

Analyst recommendations for Chemours

As of February 9, 2017, eight brokerage firms are actively tracking Chemours (CC) stock. About 25.0% of those analysts have recommended a “buy” for the stock, while 63.0% of them have recommended a “hold.” About 12.0% have recommended a “sell.”

The analyst consensus for Chemours indicates a 12-month target price of $22.90. That implies a return potential of -17.1% based on its closing price of $27.59 on February 9, 2017. The target price was $17.90 in November 2016. A higher target price was driven primarily by continuing improvement in the price of titanium dioxide, which is expected to benefit Chemours.

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Recommendations and targets

Below are some recommended target prices for Chemours from some well known brokerage firms:

  • On January 17, 2017, Susquehanna rated Chemours a “neutral” with a target price of $26. That implies a 12-month return of -5.8% based on the closing price of $27.59 on February 9, 2017.
  • On December 12, 2016, Goldman Sachs (GS) lowered the target price for Chemours to $25. That implies a 12-month return of -9.4% based on the closing price of $27.59 on February 9, 2017.
  • On November 16, 2016, Jefferies rated Chemours a “hold” with a target price of $25. That implies a 12-month return of -9.4% based on the closing price of $27.59 on February 9, 2017.

You can indirectly hold Chemours by investing in the PowerShares DWA Basic Materials Momentum ETF (PYZ). PYZ has invested 4.5% of its holdings in Chemours as of February 9, 2017. The fund’s top holdings include Cliffs Natural Resources (CLF) and Avery Dennison (AVY), with weights of 4.4% and 3.8%, respectively.

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