Do analysts agree on the target price of Chemours Co (CC) on Friday?
Investors Observer gives Chemours Co (CC) an analyst rating rating of 24, which means CC is ranked higher by analysts than 24% of stocks. The average price target for CC is $ 39.2 and the analyst rates the stock as a buy.
Why are analyst ratings important?
While analyst projections shouldn’t be your only resource in determining your position in a stock, they can be a very useful tool. Analysts follow sectors / industries in depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better understand the numbers.
Investors Observer averages the ratings given by analysts, then ranks their score as a percentage relative to the market. This allows you to compare stocks more fully than with the typical buy / sell / hold ranking.
What is going on with Chemours Co Stock today?
Chemours Co (CC) stock gained 1.27% while the S&P 500 was down -0.11% at 12:52 p.m. on Friday, December 31. CC gained $ 0.42 from the previous closing price of $ 33.17 on volume of 364,602 shares. Over the past year, the S&P 500 has gained 27.08% while the CC has gained 35.50%. CC has earned $ 2.34 per share over the past 12 months, giving it a price-to-earnings ratio of 14.4. Click here for the full stock report for Chemours Co. stock.