We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Chemours' (CC) Solid Product Offerings Make it a Must Buy
Read MoreHide Full Article
We believe that The Chemours Company (CC - Free Report) is a solid choice for investors seeking exposure in the chemical space. Its solid product offerings, strengthening end markets and expansionary efforts bode well for the future.
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 3.
Why the Upgrade?
Sentiments are positive for Chemours Company, as evident from 38.1% rally in its share price over the last six months. The stock has outperformed 12.9% gain recorded by the industry it belongs to over the same period.
Also, earnings estimates for the stock have been revised upward by a couple of analysts in the last 60 days. The Zacks Consensus Estimate for 2017 improved 6.8% from $3.40 to $3.63 while that for 2018 increased 22.5% from $4.08 to $5.
We believe that strong demand for TiO2 in the coatings, plastic and papers end markets have boosted its growth prospects. Also, demand for fluorochemicals and fluoropolymers in the air conditioning, refrigeration, automotive, aerospace, consumer, wire & cable, electronics and telecommunications end markets have created solid long-term opportunities for Chemours Company.
Also, solid sodium cyanide is being increasingly used in gold production, oil refining, agriculture, industrial polymers and other industries. Market demand for solid sodium cyanide in Americas is projected to witnessed a 9% compound annual growth rate over the next five years. To tap the growing demand from the mining industry, the company started constructing a new Mining Solutions manufacturing facility in Mexico in June.
For 2017, Chemours Company anticipates gaining from the growing customer preference for its products, especially Ti-Pure titanium dioxide and Opteon refrigerants. Also, innovative products like Nafion 2050 and Teflon 30LX will attract customers. Adjusted earnings before interest, tax, depreciation and amortization are anticipated to be within $1.3-$1.4 billion range, up from the earlier forecast of $1.2-$1.3 billion.
Other Stocks to Consider
Chemours Company has a market capitalization of approximately $9.8 billion. Other stocks worth considering in the industry include FMC Corporation (FMC - Free Report) , Innophos Holdings, Inc. and Air Products and Chemicals, Inc. (APD - Free Report) . While both FMC Corporation and Innophos Holdings sport a Zacks Rank #1, Air Products and Chemicals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FMC Corporation’s earnings estimates for 2018 improved in the last 60 days. Also, the company reported better-than-expected results in the last quarter, with a positive earnings surprise of 2.13%.
Innophos Holdings’ earnings estimates for 2017 improved in the last 60 days. Also, it pulled off an average positive earnings surprise of 13.07% for the last four quarters.
Air Products and Chemicals’ earnings estimates for fiscal 2018 were revised upward in the last 60 days. It delivered an average positive earnings surprise of 1.77% for the last four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Image: Bigstock
Chemours' (CC) Solid Product Offerings Make it a Must Buy
We believe that The Chemours Company (CC - Free Report) is a solid choice for investors seeking exposure in the chemical space. Its solid product offerings, strengthening end markets and expansionary efforts bode well for the future.
.jpg)
The stock has been upgraded to a Zacks Rank #1 (Strong Buy) on Oct 3.
Why the Upgrade?
Sentiments are positive for Chemours Company, as evident from 38.1% rally in its share price over the last six months. The stock has outperformed 12.9% gain recorded by the industry it belongs to over the same period.
Also, earnings estimates for the stock have been revised upward by a couple of analysts in the last 60 days. The Zacks Consensus Estimate for 2017 improved 6.8% from $3.40 to $3.63 while that for 2018 increased 22.5% from $4.08 to $5.
Chemours Company (The) Price and Consensus
Chemours Company (The) Price and Consensus | Chemours Company (The) Quote
We believe that strong demand for TiO2 in the coatings, plastic and papers end markets have boosted its growth prospects. Also, demand for fluorochemicals and fluoropolymers in the air conditioning, refrigeration, automotive, aerospace, consumer, wire & cable, electronics and telecommunications end markets have created solid long-term opportunities for Chemours Company.
Also, solid sodium cyanide is being increasingly used in gold production, oil refining, agriculture, industrial polymers and other industries. Market demand for solid sodium cyanide in Americas is projected to witnessed a 9% compound annual growth rate over the next five years. To tap the growing demand from the mining industry, the company started constructing a new Mining Solutions manufacturing facility in Mexico in June.
For 2017, Chemours Company anticipates gaining from the growing customer preference for its products, especially Ti-Pure titanium dioxide and Opteon refrigerants. Also, innovative products like Nafion 2050 and Teflon 30LX will attract customers. Adjusted earnings before interest, tax, depreciation and amortization are anticipated to be within $1.3-$1.4 billion range, up from the earlier forecast of $1.2-$1.3 billion.
Other Stocks to Consider
Chemours Company has a market capitalization of approximately $9.8 billion. Other stocks worth considering in the industry include FMC Corporation (FMC - Free Report) , Innophos Holdings, Inc. and Air Products and Chemicals, Inc. (APD - Free Report) . While both FMC Corporation and Innophos Holdings sport a Zacks Rank #1, Air Products and Chemicals carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
FMC Corporation’s earnings estimates for 2018 improved in the last 60 days. Also, the company reported better-than-expected results in the last quarter, with a positive earnings surprise of 2.13%.
Innophos Holdings’ earnings estimates for 2017 improved in the last 60 days. Also, it pulled off an average positive earnings surprise of 13.07% for the last four quarters.
Air Products and Chemicals’ earnings estimates for fiscal 2018 were revised upward in the last 60 days. It delivered an average positive earnings surprise of 1.77% for the last four quarters.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>