S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
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S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
China Threat Triggers Potential Mining Boom for Investors (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
China Threat Triggers Potential Mining Boom for Investors (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
China Threat Triggers Potential Mining Boom for Investors (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
China Threat Triggers Potential Mining Boom for Investors (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
China Threat Triggers Potential Mining Boom for Investors (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

Braskem S.A. (NYSE:BAK) Receives Average Rating of "Hold" from Brokerages

Shares of Braskem S.A. (NYSE:BAK - Get Rating) have been given an average recommendation of "Hold" by the nine brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $20.67.

Several research firms have weighed in on BAK. TheStreet cut Braskem from a "b-" rating to a "c" rating in a research note on Friday, August 12th. Howard Weil cut Braskem from a "sector perform" rating to a "sector underperform" rating in a research note on Monday, August 15th. Bradesco Corretora cut Braskem from an "outperform" rating to a "neutral" rating in a research note on Wednesday, November 9th. Bank of America cut Braskem from a "buy" rating to a "neutral" rating in a research note on Monday, October 24th. Finally, Scotiabank raised Braskem from a "sector perform" rating to a "sector outperform" rating in a research note on Friday, November 11th.

Institutional Trading of Braskem

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Holdings Inc. grew its position in Braskem by 156.6% in the first quarter. Advisor Group Holdings Inc. now owns 1,740 shares of the company's stock valued at $33,000 after acquiring an additional 1,062 shares during the period. Qube Research & Technologies Ltd bought a new stake in Braskem in the first quarter valued at $2,268,000. American Century Companies Inc. grew its position in Braskem by 111.4% in the first quarter. American Century Companies Inc. now owns 30,859 shares of the company's stock valued at $575,000 after acquiring an additional 16,265 shares during the period. Cetera Advisors LLC bought a new stake in Braskem in the first quarter valued at $195,000. Finally, Acadian Asset Management LLC grew its position in Braskem by 10.8% in the first quarter. Acadian Asset Management LLC now owns 554,666 shares of the company's stock valued at $10,336,000 after acquiring an additional 54,015 shares during the period. 0.12% of the stock is currently owned by institutional investors.

Braskem Price Performance


NYSE:BAK opened at $11.03 on Friday. The business's 50-day moving average price is $11.78 and its 200 day moving average price is $13.71. The firm has a market cap of $4.98 billion, a P/E ratio of 12.83, a PEG ratio of 1.00 and a beta of 1.76. Braskem has a 52-week low of $9.42 and a 52-week high of $24.41. The company has a quick ratio of 0.89, a current ratio of 1.55 and a debt-to-equity ratio of 5.91.

About Braskem

(Get Rating)

Braskem SA, together with its subsidiaries, produces and sells thermoplastic resins. The company operates through three segments: Brazil, United States and Europe, and Mexico. The Brazil segment produces and sells chemicals, including ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes products; fuels, such as automotive gasoline, liquefied petroleum gas, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, such as cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.

Further Reading

Analyst Recommendations for Braskem (NYSE:BAK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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