Somewhat Positive Media Coverage Somewhat Unlikely to Impact Chemours (CC) Share Price
Media coverage about Chemours (NYSE:CC) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Chemours earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the specialty chemicals company an impact score of 46.6331421027877 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Analysts Anticipate Chemours Co (CC) Will Post Earnings of $1.19 Per Share (americanbankingnews.com)
- The Chemours Company Announces Promotion of Edwin Sparks to President of the Chemical Solutions Segment Following the Anticipated Departure of Chris Siemer (finance.yahoo.com)
- Chemours beats 4Q profit forecasts – Yahoo News UK – Yahoo News UK (uk.news.yahoo.com)
- Chemours shares rise after earnings beat – MarketWatch (marketwatch.com)
- The Chemours Company Reports Fourth Quarter and Full Year 2017 Results; Robust Performance Across All Segments and Key Financial Metrics (finance.yahoo.com)
Shares of Chemours (CC) traded down $0.07 during trading on Monday, reaching $48.84. 2,675,730 shares of the company traded hands, compared to its average volume of 1,770,000. The company has a market cap of $9,030.00 and a P/E ratio of 12.52. The company has a debt-to-equity ratio of 4.74, a current ratio of 2.12 and a quick ratio of 1.55. Chemours has a one year low of $32.09 and a one year high of $58.08.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $0.68 annualized dividend and a yield of 1.39%. This is a boost from Chemours’s previous quarterly dividend of $0.03. Chemours’s payout ratio is presently 17.44%.
Chemours announced that its Board of Directors has approved a stock repurchase program on Friday, December 1st that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the specialty chemicals company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Several brokerages recently weighed in on CC. UBS Group upped their target price on shares of Chemours from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Barclays upped their target price on shares of Chemours from $55.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday, November 6th. Morgan Stanley began coverage on shares of Chemours in a report on Tuesday, January 30th. They issued an “equal weight” rating and a $57.50 target price for the company. Zacks Investment Research downgraded shares of Chemours from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Goldman Sachs Group downgraded shares of Chemours from a “buy” rating to a “neutral” rating and set a $55.00 target price for the company. in a report on Wednesday, December 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $57.85.
In other Chemours news, insider Christian W. Siemer sold 15,088 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $47.37, for a total value of $714,718.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.14% of the stock is owned by insiders.
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Chemours Company Profile
The Chemours Company 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.
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