Orion Engineered Carbons S.A (NYSE:OEC) had its target price hoisted by analysts at UBS AG from $21.00 to $23.00 in a research report issued on Friday. The brokerage presently has a “neutral” rating on the specialty chemicals company’s stock. UBS AG’s price objective would suggest a potential downside of 3.16% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. J P Morgan Chase & Co downgraded shares of Orion Engineered Carbons S.A from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $25.00 to $23.00 in a report on Monday, August 7th. BidaskClub downgraded shares of Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Goldman Sachs Group, Inc. (The) raised shares of Orion Engineered Carbons S.A from a “neutral” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, July 14th. Berenberg Bank reissued a “buy” rating and issued a $26.00 price target on shares of Orion Engineered Carbons S.A in a report on Friday, August 11th. Finally, KeyCorp reissued a “buy” rating and issued a $24.00 price target on shares of Orion Engineered Carbons S.A in a report on Wednesday, October 4th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Orion Engineered Carbons S.A currently has an average rating of “Buy” and a consensus target price of $23.67.

Shares of Orion Engineered Carbons S.A (NYSE:OEC) traded up $0.55 during trading hours on Friday, hitting $23.75. 199,087 shares of the company were exchanged, compared to its average volume of 193,558. The company has a quick ratio of 1.33, a current ratio of 1.93 and a debt-to-equity ratio of 9.03. The stock has a market cap of $1,408.85, a P/E ratio of 14.84 and a beta of 0.53. Orion Engineered Carbons S.A has a 52 week low of $17.15 and a 52 week high of $24.55.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OEC. Bank of New York Mellon Corp lifted its holdings in Orion Engineered Carbons S.A by 101.3% during the first quarter. Bank of New York Mellon Corp now owns 54,639 shares of the specialty chemicals company’s stock valued at $1,120,000 after purchasing an additional 27,500 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at about $219,000. Morgan Stanley lifted its holdings in Orion Engineered Carbons S.A by 151.4% during the first quarter. Morgan Stanley now owns 517,688 shares of the specialty chemicals company’s stock valued at $10,613,000 after purchasing an additional 311,734 shares during the last quarter. Bank of America Corp DE lifted its holdings in Orion Engineered Carbons S.A by 120.3% during the first quarter. Bank of America Corp DE now owns 44,586 shares of the specialty chemicals company’s stock valued at $915,000 after purchasing an additional 24,349 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter valued at about $390,000. 37.49% of the stock is currently owned by institutional investors and hedge funds.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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