Braskem - BAK Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Braskem in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" BAK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BAK, but not buy additional shares or sell existing shares.
View BAK analyst ratings or view top-rated stocks.

6 brokers have issued 12-month price objectives for Braskem's stock. Their BAK share price forecasts range from $20.00 to $68.00. On average, they expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 226.6% from the stock's current price.
View analysts price targets for BAK or view top-rated stocks among Wall Street analysts.

Braskem's stock was trading at $21.09 at the start of the year. Since then, BAK shares have decreased by 52.8% and is now trading at $9.95.
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Braskem saw a decline in short interest in September. As of September 15th, there was short interest totaling 444,600 shares, a decline of 15.1% from the August 31st total of 523,400 shares. Based on an average trading volume of 216,000 shares, the short-interest ratio is presently 2.1 days.
View Braskem's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our BAK earnings forecast.

Braskem S.A. (NYSE:BAK) issued its earnings results on Tuesday, August, 3rd. The company reported $3.52 EPS for the quarter, topping analysts' consensus estimates of $2.22 by $1.30. The business had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $4.72 billion. Braskem had a net margin of 5.91% and a trailing twelve-month return on equity of 51.71%.

Braskem announced an annual dividend on Monday, December 6th. Shareholders of record on Monday, December 13th will be paid a dividend of $2.7104 per share on Thursday, December 30th. This represents a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, December 10th.
Read our dividend analysis for BAK.

Braskem (NYSE:BAK) pays an annual dividend of $3.23 per share and currently has a dividend yield of 32.03%. BAK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 104.53%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, BAK will have a dividend payout ratio of 250.39% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BAK.

31 employees have rated Braskem Chief Executive Officer Roberto Lopes Pontes Simões on Glassdoor.com. Roberto Lopes Pontes Simões has an approval rating of 100% among the company's employees. This puts Roberto Lopes Pontes Simões in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Braskem investors own include Amarin (AMRN), Enterprise Products Partners (EPD), Micron Technology (MU), Pfizer (PFE), AT&T (T), AbbVie (ABBV), Aduro Biotech (ADRO), Armata Pharmaceuticals (ARMP), CRISPR Therapeutics (CRSP) and Chevron (CVX).

Braskem trades on the New York Stock Exchange (NYSE) under the ticker symbol "BAK."

Shares of BAK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BAK stock can currently be purchased for approximately $9.95.

Braskem (NYSE:BAK) has a market capitalization of $4.49 billion and generates $19.58 billion in revenue each year. The company earns $2.59 billion in net income (profit) each year or $3.09 on an earnings per share basis.

The company employs 8,312 workers across the globe.

Braskem's mailing address is Rua Lemos Monteiro 120 24 andar, Butanta D5, 05501-050. The official website for the company is www.braskem.com.br. The company can be reached via phone at 551135769735, via email at braskem-ri@braskem.com, or via fax at 55-11-3576-9532.