Braskem (BAK) Receiving Somewhat Favorable News Coverage, Study Finds
News headlines about Braskem (NYSE:BAK) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Braskem earned a daily sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the energy company an impact score of 45.4735812231518 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
- Cramer's lightning round: I'm still not a buyer of Chipotle after the latest incident (finance.yahoo.com)
- Braskem S.A. (BAK) Cut to Neutral at UBS AG (americanbankingnews.com)
- Head to Head Contrast: Braskem (BAK) versus Its Rivals (americanbankingnews.com)
- Cramer’s lightning round: I’m still not a buyer of Chipotle after the latest incident (finance.yahoo.com)
- Cramer's lightning round: I'm still not a buyer of Chipot… (finance.yahoo.com)
Shares of Braskem (NYSE:BAK) traded up $0.18 on Wednesday, hitting $29.39. The stock had a trading volume of 331,158 shares, compared to its average volume of 483,903. Braskem has a 1 year low of $15.26 and a 1 year high of $33.73. The company has a quick ratio of 0.58, a current ratio of 0.86 and a debt-to-equity ratio of 2.88. The stock has a market capitalization of $11,780.00, a P/E ratio of 11.39 and a beta of 1.12.
A number of analysts have recently commented on BAK shares. BidaskClub downgraded Braskem from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded Braskem from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, UBS AG downgraded Braskem from a “buy” rating to a “neutral” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $28.00.
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Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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