Arkema SA (OTCMKTS:ARKAY) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on Arkema, with six holds, one sell and one buy among eight covering firms. Goldman Sachs downgraded the stock to neutral, while Barclays raised its rating to hold.
• Arkema shares opened at $68.03, with a market capitalization of approximately $5.17 billion and a 12-month trading range of $56.28 to $79.36.
• The company beat quarterly EPS expectations, reporting $1.98 versus the $1.86 consensus, although revenue of $2.79 billion fell short of the $2.86 billion estimate. Analysts project full-year EPS of $3.68.

Shares of Arkema SA (OTCMKTS:ARKAY - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company.

A number of research firms have commented on ARKAY. The Goldman Sachs Group lowered shares of Arkema from a "buy" rating to a "neutral" rating in a research note on Monday, June 8th. Barclays upgraded shares of Arkema from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Arkema in a report on Tuesday, June 23rd.

Arkema Stock Performance

Shares of Arkema stock opened at $68.03 on Friday. The firm's fifty day simple moving average is $67.45 and its 200-day simple moving average is $68.00. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 234.59 and a beta of 0.85. Arkema has a 12 month low of $56.28 and a 12 month high of $79.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.52 and a quick ratio of 1.08.

Arkema (OTCMKTS:ARKAY - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.86 by $0.12. Arkema had a net margin of 0.67% and a return on equity of 4.30%. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.86 billion. As a group, equities analysts forecast that Arkema will post 3.68 earnings per share for the current year.

About Arkema

Arkema is a France-based specialty materials company that develops and manufactures high-performance materials for industrial and consumer applications. Its portfolio includes advanced polymers, adhesives, coating materials, specialty additives and other chemical products designed to improve durability, performance and sustainability.

The company serves industries such as automotive, construction, consumer goods, electronics, energy, packaging, sports and healthcare. Its products include specialty adhesives, acrylic and fluoropolymer materials, technical resins, coating solutions and materials used in lightweight, durable and lower-impact applications.

Arkema was established in 2004 following the reorganization of Total's chemicals businesses and has expanded into a global specialty materials group with operations and customers across Europe, North America, Asia and other international markets.

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