Arkema SA (OTCMKTS:ARKAY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, October 17th. The brokerage currently has a $137.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.51% from the company’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. “
A number of other brokerages also recently issued reports on ARKAY. Citigroup Inc. raised Arkema SA from a “neutral” rating to a “buy” rating in a research report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) downgraded Arkema SA from a “buy” rating to a “neutral” rating in a research report on Wednesday, August 2nd.
Arkema SA (OTCMKTS ARKAY) traded down $0.89 during midday trading on Tuesday, hitting $126.54. 1,329 shares of the company traded hands, compared to its average volume of 1,465. Arkema SA has a twelve month low of $92.73 and a twelve month high of $127.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.06 and a quick ratio of 1.50. The firm has a market cap of $9,650.00, a price-to-earnings ratio of 17.85, a price-to-earnings-growth ratio of 1.17 and a beta of 1.26.
Arkema SA 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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