Braskem - BAK Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Braskem in the last year. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 target prices for Braskem's shares. Their BAK share price forecasts range from $10,000,000.00 to $0.00. On average, they expect the company's share price to reach $0.00 in the next year. This suggests that the stock has a possible downside of 100.0%.
View analysts price targets for BAK or view top-rated stocks among Wall Street analysts.

Braskem's stock was trading at $9.20 at the start of the year. Since then, BAK shares have decreased by 1.3% and is now trading at $9.08.
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Braskem saw a decrease in short interest in January. As of January 15th, there was short interest totaling 852,300 shares, a decrease of 47.7% from the December 31st total of 1,630,000 shares. Based on an average trading volume of 389,500 shares, the short-interest ratio is presently 2.2 days.
View Braskem's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 16th 2023.
View our BAK earnings forecast.

Braskem S.A. (NYSE:BAK) posted its quarterly earnings results on Thursday, November, 10th. The company reported ($0.53) earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by $0.76. The firm earned $4.85 billion during the quarter, compared to the consensus estimate of $4.51 billion. Braskem had a trailing twelve-month return on equity of 0.07% and a net margin of 1.69%.

Braskem (NYSE:BAK) pays an annual dividend of $0.63 per share and currently has a dividend yield of 7.02%. BAK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 73.26%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BAK will have a dividend payout ratio of 58.33% next year. This indicates that the company will be able to sustain or increase its 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."

Braskem's stock is owned by many different institutional and retail investors. Top institutional investors include Veriti Management LLC (0.00%).

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 $9.08.

Braskem (NYSE:BAK) has a market capitalization of $4.10 billion and generates $19.58 billion in revenue each year. The company earns $2.59 billion in net income (profit) each year or $0.86 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.