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Chemours Company (CC) Receives a Buy from RBC Capital

Tipranks - Thu Feb 26, 12:52AM CST

RBC Capital analyst Arun Viswanathan maintained a Buy rating on Chemours Company on February 23 and set a price target of $21.00. The company’s shares closed yesterday at $18.03.

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According to TipRanks, Viswanathan is a 4-star analyst with an average return of 3.5% and a 57.20% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Dow Inc, Albemarle, and Celanese.

In addition to RBC Capital, Chemours Company also received a Buy from UBS’s Joshua Spector in a report issued on February 23. However, on the same day, Morgan Stanley maintained a Hold rating on Chemours Company (NYSE: CC).

Based on Chemours Company’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.33 billion and a GAAP net loss of $61 million. In comparison, last year the company earned a revenue of $1.39 billion and had a GAAP net loss of $8 million

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