Barclays Downgrades Arkema (OTCMKTS:ARKAY) to Hold

Arkema (OTCMKTS:ARKAY - Get Free Report) was downgraded by analysts at Barclays from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Several other brokerages have also recently commented on ARKAY. Jefferies Financial Group cut shares of Arkema to a "hold" rating in a research note on Monday, June 16th. Sanford C. Bernstein initiated coverage on Arkema in a research report on Thursday, April 24th. They set an "underperform" rating for the company.

Arkema Stock Performance

Shares of ARKAY stock opened at $74.90 on Tuesday. The firm's 50 day moving average is $72.94 and its 200 day moving average is $76.64. The stock has a market capitalization of $5.70 billion, a P/E ratio of 16.72, a PEG ratio of 0.42 and a beta of 1.07. Arkema has a 12 month low of $64.94 and a 12 month high of $98.97. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 0.48.

Arkema (OTCMKTS:ARKAY - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.37 EPS for the quarter, missing analysts' consensus estimates of $1.45 by ($0.08). Arkema had a return on equity of 7.42% and a net margin of 3.40%. The company had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.44 billion. On average, sell-side analysts anticipate that Arkema will post 8.36 earnings per share for the current year.

Arkema Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. The company operates in three segments: Adhesive Solutions, Advanced Materials and Coating Solutions, and Intermediates. The Adhesive Solutions segment provides solutions for construction, renovation of buildings, DIY, durable goods, and packaging and non-woven applications; and supplies technologies used in building activities for businesses and individuals, including sealants, tiles, flooring adhesives and waterproofing systems, and technologies used in industry, which include automotive, textiles, glazing, flexible and rigid packaging, and hygiene markets.

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