Arkema (ARKAY) Rating Increased to Buy at Zacks Investment Research
Arkema (OTCMKTS:ARKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The firm presently has a $139.00 price target on the basic materials company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 11.75% from the stock’s previous close.
According to Zacks, “Arkema SA is engaged in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products. Vinyl products include chlorine or caustic soda, pipes and profiles, PVC, and vinyl compounds. Industrial chemicals include emulsion systems, fluorochemicals, hydrogen peroxide, PMMA and methacrylics, specialty acrylic polymers and thiochemicals. Performance products include functional additives, specialty chemicals and technical polymers. The Company’s products can be used for various purposes including air conditioning or refrigeration; chemical processing, coating, construction; packaging; automotive & transportation. Its products, also find their application in adhesives and sealants, agriculture & agrochemicals, consumer goods, electronics, foams, solvents and aerosols market, health, hygiene & beauty, oil & gas, energy, pharmaceuticals, pulp & paper, rubber market, sports & leisure, etc. Arkema SA is headquartered in France. “
Separately, Credit Suisse Group lowered shares of Arkema from a “neutral” rating to an “underperform” rating in a research report on Monday, November 13th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $139.00.
Arkema (OTCMKTS ARKAY) traded up $0.19 during trading on Tuesday, hitting $124.39. 3,006 shares of the stock traded hands, compared to its average volume of 2,329. The company has a market capitalization of $9,527.60, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.04 and a beta of 1.20. The company has a quick ratio of 1.57, a current ratio of 2.11 and a debt-to-equity ratio of 0.52. Arkema has a fifty-two week low of $93.65 and a fifty-two week high of $127.44.
Arkema Company Profile
Arkema SA is a chemical producer, which provides specialty chemicals and advanced materials. The Company manufactures a range of products for industries, including construction, packaging, chemical, automotive, electronics, food and pharmaceutical industries. The Company operates through three business segments: High Performance Materials, Industrial Specialties and Coating Solutions.
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