Arkema (OTCMKTS:ARKAY) receives a new target price of €135.00 from Deutsche Bank Aktiengesellschaft
Arkema (OTCMKTS:ARKAY – Get a rating) had its target price reduced by Deutsche Bank Aktiengesellschaft research analysts from €145.00 ($151.04) to €135.00 ($140.63) in a research note published on Tuesday, reports The Fly.
Other research analysts have also recently published research reports on the stock. Credit Suisse Group raised its price target on Arkema shares from €101.00 ($105.21) to €103.00 ($107.29) in a Friday, April 8 report. Kepler Capital Markets downgraded Arkema’s shares from a “buy” rating to a “hold” rating in a Wednesday, March 30 report. Two investment analysts gave the stock a sell rating, four gave the company a hold rating and four gave the company a buy rating. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $129.17.
Shares of OTCMKTS ARKAY traded at $1.56 during midday trading on Tuesday, hitting $90.64. The stock recorded trading volume of 11,600 shares, compared to an average trading volume of 11,149 shares. The company has a market capitalization of $6.73 billion, a price-to-earnings ratio of 3.90, a growth price-to-earnings ratio of 1.29 and a beta of 1.44. Arkema has a 12-month low of $86.14 and a 12-month high of $152.18. The company has a debt ratio of 0.40, a quick ratio of 1.31 and a current ratio of 1.89. The company’s 50-day moving average price is $111.78 and its 200-day moving average price is $125.87.
Arkema (OTCMKTS:ARKAY – Get Rating) last published its results on Thursday May 5th. The basic materials company reported earnings per share (EPS) of $5.54 for the quarter. Arkema posted a net margin of 15.10% and a return on equity of 17.59%. The company posted revenue of $3.24 billion for the quarter. Equity analysts expect Arkema to post earnings per share of 13.58 for the current fiscal year.
About Arkema (Get a rating)
Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The Company operates through Adhesive Solutions, Advanced Materials, Coating Solutions and Intermediates segments. It provides adhesive solutions for construction, building renovation, DIY, durable goods, packaging and nonwoven applications; and provides technologies used in construction activities for businesses and individuals, including sealants, tiles, floor adhesives and waterproofing systems, and technologies used in industry, which includes the markets for automotive, textiles, glazing, flexible and rigid packaging and hygiene.
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