Zacks Investment Research downgraded shares of ARKEMA/S (OTCMKTS:ARKAY) from a buy rating to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

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, ValuEngine raised ARKEMA/S from a sell rating to a hold rating in a report on Friday, January 10th.

Shares of OTCMKTS ARKAY opened at $97.55 on Wednesday. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 8.70 and a beta of 1.39. ARKEMA/S has a 12-month low of $80.75 and a 12-month high of $108.19. The company has a current ratio of 1.74, a quick ratio of 1.16 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $104.09 and its 200 day simple moving average is $96.87.

ARKEMA/S (OTCMKTS:ARKAY) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $2.41 earnings per share (EPS) for the quarter. The business had revenue of $2.46 billion for the quarter. ARKEMA/S had a return on equity of 12.26% and a net margin of 6.68%. As a group, equities analysts forecast that ARKEMA/S will post 8.95 earnings per share for the current fiscal year.

About ARKEMA/S

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. It operates through three segments: High Performance Materials, Industrial Specialties, and Coating Solutions. Its products include acrylics, coating resins, electroactive polymers, fluorochemicals, fluoropolymers, functional polyolefins, hydrazine hydrate, hydrogen peroxide, molecular sieves, organic peroxide, oxygenated solvents, poly-ether-ketone-ketone polyetherketoneketone, plastic additives, polymethyl methacrylate resins and sheets, rheology additives, solutions for glass coating, specialty adhesives, specialty polyamides, surfactants and additives, technical fluids, and thiochemicals.

Recommended Story: Purposes and Functions of the Federal Reserve

Get a free copy of the Zacks research report on ARKEMA/S (ARKAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for ARKEMA/S Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for ARKEMA/S and related companies with MarketBeat.com’s FREE daily email newsletter.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here