5 Undervalued Mid-Cap Stocks To Buy

3. The Chemours Company (NYSE:CC) 

PE Ratio: 5.93

Number of Hedge Funds Having Stakes in the Company: 36

Ranking 3rd in our list of undervalued mid-cap stocks to buy is Chemours, the Delaware-based chemicals company that is amongst the largest energy players in the world. Chemours has a 3% dividend yield as of January 12. Over the past six months the stock has gained about 4% in value. Bank of America earlier this month upgraded the stock to Buy from Neutral, citing optimism in the market following China’s decision to reopen its economy. Despite its solid business the stock remains undervalued amid risks related to the global macro environment, since chemical companies like Chemours are considered cyclical.

During the third quarter, The Chemours Company (NYSE:CC)’s adjusted earnings and revenue surpassed estimates. Its net income came in at $1.52 per share, compared to $0.25 per share compared to the comparable quarter last year.