It is currently trading at $42.94 which is just a bit higher than $40.18, the 50 day moving average and a bit higher than the 200 day moving average of $33.66. The 50 day moving average moved up $2.76 and the 200 day average moved up $9.28. Chemours Company (The) shares had a trading volume of 2,152K in the last trading session. Volume was down 7.66% under the stocks average daily volume.
Here is the rundown on market activity for Chemours Company (The) (NYSE:CC). President – Fluoroproducts Paul Kirsch disclosed the sale of 19,036 shares of CC stock. The shares were purchased at an average price of $41.42. The President – Fluoroproducts now owns $2,042,959 of the stock per the Form 4 SEC filing. Erich Parker, VP Corp Comm & CBO disclosed the sale of 4,908 shares. The shares were sold on May 16th for an average price of $45.53. Parker now owns $1,150,179 of the stock according to the SEC filing.
Mark Newman, Sr VP let go of $918,302 worth of shares at a price of $40.31 on Fri the 5th. The Sr VP now owns $112,868 of the stock as reported to the SEC.
The following firms have also recently changed their position in CC. As of quarter end Gateway Investment Advisers LLC had sold 2,983 shares trimming its stake by 24.8%. The value of the company’s investment in Chemours Company (The) went from $463,000 to $342,000 a change of 26.1% quarter to quarter. As of the end of the quarter Next Financial Group, Inc had acquired a total of 118 shares growing its holdings by 10.5%. The value of the investment in Chemours Company (The) increased from $45,000 to $47,000 a change of $2,000 quarter over quarter.
Creative Planning divested its position by selling 11,472 shares a decrease of 98.3% as of 06/30/2017. Creative Planning now holds 200 shares with a value of $1,000. The value of the position overall is down by 99.8%. As of the end of the quarter Heritage Investors Management Corp had disposed of a total of 10,958 shares trimming its position 7.7%. The value in dollars decreased from $5,492,000 to $4,994,000 decreasing 9.1% for the reporting period.
On July 5 the company was upgraded to “Buy” from “Neutral” in a report from Citigroup. On May 12 the stock rating was upgraded from “” to “Overweight” in a statement from JP Morgan.
On December 12 the company was downgraded from “Buy” to “Neutral” by analysts at Goldman Sachs. July 15 investment analysts at Citigroup left the stock rating at “Neutral” but moved up the price target to $9.00 from $8.00.
On April 18 Citigroup made no change to the stock rating of “Neutral” and raised the price target from $5.00 to $8.00. Goldman Sachs both upgraded the stock and raised the price target on March 14 boosting the price target from $6.00 to $10.00 and setting the rating at “Buy” which had previously been “Neutral”.
The company is so far trading up by 2.85 percent from yesterday’s close. Additionally the company announced a dividend for shareholders that was paid on Thursday the 15th of June 2017. The dividend was $0.030 per share for the quarter or $0.12 on an annualized basis. This dividend represents a yeild of $0.30 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 15th of May 2017.
The P/E ratio is 75.07 and market capitalization is 7.92B. In the latest earnings report the EPS was $0.57 and is estimated to be $3.27 for the current year with 184,463,000 shares currently outstanding. Next quarter’s EPS is expected be $0.93 and the next full year EPS is projected to be $4.01.
The Chemours Company, launched on February 18, 2014, is a provider of performance chemicals. The Company operates through three segments: Titanium Technologies, Fluoroproducts and Chemical Solutions. The Titanium Technologies segment is a producer of titanium dioxide (TiO2). The Fluoroproducts segment is a provider of fluoroproducts, including refrigerants and industrial fluoropolymer resins. The Chemical Solutions segment is a North American provider of industrial chemicals used in gold production, oil and gas, water treatment and other industries. It delivers customized solutions with a range of industrial and specialty chemical products for markets, including plastics and coatings, refrigeration and air conditioning, general industrial, mining and oil refining. Its products include titanium dioxide, refrigerants, industrial fluoropolymer resins and a portfolio of mining and industrial chemicals, including sodium cyanide. As of December 31, 2016, the Company operates 26 production facilities located in 10 countries..