Chemours' (CC) Solid Product Offerings Make It A Must Buy

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 (NYSE:FMC) , Innophos Holdings, Inc. (NASDAQ:IPHS) and Air Products and Chemicals, Inc. (NYSE:APD) . 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.

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