Barclays downgraded shares of Arkema (OTCMKTS:ARKAY - Free Report) from a strong-buy rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.
ARKAY has been the topic of a number of other reports. Jefferies Financial Group downgraded shares of Arkema to a "hold" rating in a research note on Monday, June 16th. Sanford C. Bernstein started coverage on shares of Arkema in a research note on Thursday, April 24th. They set an "underperform" rating on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Arkema presently has a consensus rating of "Hold".
View Our Latest Analysis on Arkema
Arkema Trading Down 2.7%
Shares of Arkema stock traded down $2.09 on Tuesday, reaching $74.74. The company had a trading volume of 10,480 shares, compared to its average volume of 11,362. The firm's 50 day moving average price is $72.97 and its two-hundred day moving average price is $76.69. The firm has a market cap of $5.68 billion, a PE ratio of 16.68, a PEG ratio of 0.48 and a beta of 1.07. Arkema has a 52-week low of $64.94 and a 52-week high of $98.97. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.64 and a current ratio of 2.43.
Arkema (OTCMKTS:ARKAY - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $1.37 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.45 by ($0.08). The company had revenue of $2.70 billion during the quarter, compared to analysts' expectations of $2.44 billion. Arkema had a net margin of 3.40% and a return on equity of 7.42%. Sell-side analysts predict that Arkema will post 8.36 earnings per share for the current fiscal year.
Arkema Cuts Dividend
The firm also recently announced a dividend, which was paid on Thursday, June 12th. Investors of record on Friday, May 23rd were paid a dividend of $3.4274 per share. This represents a yield of 4.47%. The ex-dividend date was Thursday, May 22nd. Arkema's payout ratio is currently 67.63%.
About Arkema
(
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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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