Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for The Chemours Co (NYSE: CC) weakened recently. CC’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
The Chemours Co (NYSE: CC) stock rose slightly by 0.1% on 4/8/24. The stock closed at $27.05. However, this advance was accompanied by exceptionally low trading volume at 39% of normal. Relative to the market the stock has been weak over the last nine months but has risen 3.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CC is expected to continue to be a major Value Builder.
Chemours has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Chemours has a slightly positive Appreciation Score of 69 but a very low Power Rating of 11, and the Negative Value Trend Rating results.
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