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NYSE:BAK

Braskem - BAK Stock Forecast, Price & News

$13.31
-0.04 (-0.30%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$13.20
$13.55
50-Day Range
$12.24
$17.62
52-Week Range
$12.07
$26.93
Volume
119,978 shs
Average Volume
308,808 shs
Market Capitalization
$6.01 billion
P/E Ratio
4.31
Dividend Yield
24.19%
Price Target
$32.40

Braskem MarketRank™ Forecast

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
143.4% Upside
$32.40 Price Target
Short Interest
Healthy
0.15% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.50mentions of Braskem in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-41.77%
From $3.28 to $1.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Oils/Energy Sector

70th out of 254 stocks

Industrial Organic Chemicals Industry

3rd out of 21 stocks

BAK stock logo

About Braskem (NYSE:BAK) Stock

Braskem S.A., 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. This segment also produces and sells polyethylene (PE) and polypropylene (PP); supplies electricity and other inputs to second-generation producers; produces and sells of PE, including the production of green PE from renewable resources; and produces and sells polyvinyl chloride and caustic soda. The United States and Europe segment produces and sells PP in the United States and Germany. The Mexico segment produces and sells ethylene, high-density PE, and low-density PE in Mexico. It also manufactures, sells, imports, and exports chemicals, petrochemicals, and fules; produces, supplies, and sells utilities, such as steam, water, compressed air, and industrial gases; and provides industrial services. The company was formerly known as Copene Petroquímica do Nordeste S.A. and changed its name to Braskem S.A. in 2002. Braskem S.A. was founded in 1972 and is headquartered in Camaçari, Brazil.

Analyst Upgrades and Downgrades

BAK has been the topic of a number of recent research reports. Howard Weil lowered Braskem from a "sector perform" rating to a "sector underperform" rating in a research note on Monday. TheStreet downgraded Braskem from a "b-" rating to a "c" rating in a research note on Friday, August 12th. Finally, Scotiabank cut shares of Braskem from a "sector perform" rating to a "sector underperform" rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $32.40.

Braskem Stock Down 0.3 %

Shares of NYSE:BAK traded down $0.04 during midday trading on Thursday, reaching $13.31. 119,978 shares of the company's stock traded hands, compared to its average volume of 308,808. Braskem has a one year low of $12.07 and a one year high of $26.93. The stock's 50 day simple moving average is $13.90 and its 200-day simple moving average is $16.82. The company has a quick ratio of 0.89, a current ratio of 1.55 and a debt-to-equity ratio of 5.91. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 4.35, a P/E/G ratio of 0.42 and a beta of 1.65.

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BAK Stock News Headlines

Braskem (NYSE:BAK) Downgraded by Howard Weil
Braskem (NYSE:BAK) Cut to Sector Underperform at Scotiabank
Braskem (NYSE:BAK) Shares Gap Down to $14.24
Are Investors Undervaluing Braskem (BAK) Right Now?
Is Braskem (BAK) Stock Undervalued Right Now?
Is Braskem (BAK) a Great Value Stock Right Now?
Braskem Q1 Earnings Preview - Seeking Alpha
See More Headlines
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BAK Company Calendar

Last Earnings
8/03/2021
Today
8/18/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Industrial organic chemicals
Sub-Industry
N/A
Employees
8,312
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.40
High Stock Price Forecast
$68.00
Low Stock Price Forecast
$20.00
Forecasted Upside/Downside
+143.4%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$2.59 billion
Pretax Margin
6.95%

Debt

Sales & Book Value

Annual Sales
$19.58 billion
Book Value
$3.59 per share

Miscellaneous

Free Float
451,624,000
Market Cap
$6.01 billion
Optionable
Optionable
Beta
1.65

Key Executives

  • Mr. Roberto Lopes Pontes Simoes (Age 65)
    CEO & Director
  • Mr. Pedro van Langendonck Teixeira de Freitas (Age 47)
    CFO and Head of Procurement & Institutional Relation
  • Mr. Daniel Sales Correa (Age 53)
    Exec. Officer and Head of Investments & Digital Technologies
  • Mr. Everson Bassinello
    Chief Compliance Officer
  • Ms. Cristiana Lapa (Age 45)
    Gen. Counsel & Corp. Governance Officer
  • Mr. Marcelo Arantes De Carvalho (Age 54)
    Exec. Officer and Head of People, Communication, Marketing & Sustainable Devel.
  • André Vieira
    Director of Corp. Communication
  • Mr. Marcelo de Oliveira Cerqueira (Age 57)
    Exec. Officer and Head of Brazil Manufacturing & Global Industrial Operations
  • Mr. Roberto Bischoff
    Head of Competitiveness
  • Mr. Mark Nikolich
    Head of the Polyolefins North America Unit













BAK Stock - Frequently Asked Questions

Should I buy or sell Braskem stock right now?

8 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 3 buy ratings 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.

What is Braskem's stock price forecast for 2022?

8 Wall Street analysts have issued 1 year target prices for Braskem's shares. Their BAK share price forecasts range from $20.00 to $68.00. On average, they expect the company's stock price to reach $32.40 in the next year. This suggests a possible upside of 143.4% from the stock's current price.
View analysts price targets for BAK
or view top-rated stocks among Wall Street analysts.

How have BAK shares performed in 2022?

Braskem's stock was trading at $21.09 at the beginning of the year. Since then, BAK shares have decreased by 36.9% and is now trading at $13.31.
View the best growth stocks for 2022 here
.

Are investors shorting Braskem?

Braskem saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 708,600 shares, an increase of 36.7% from the June 30th total of 518,400 shares. Based on an average trading volume of 241,700 shares, the short-interest ratio is presently 2.9 days.
View Braskem's Short Interest
.

When is Braskem's next earnings date?

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

How were Braskem's earnings last quarter?

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

How often does Braskem pay dividends? What is the dividend yield for Braskem?

Braskem announced an annual dividend on Monday, December 6th. Shareholders of record on Monday, December 13th will be given 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
.

Is Braskem a good dividend stock?

Braskem (NYSE:BAK) pays an annual dividend of $3.23 per share and currently has a dividend yield of 24.19%. 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 169.11% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for BAK.

What is Roberto Lopes Pontes Simões' approval rating as Braskem's CEO?

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.

What other stocks do shareholders of Braskem own?

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).

What is Braskem's stock symbol?

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

Who are Braskem's major shareholders?

Braskem's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (0.08%), State Street Corp (0.05%), Todd Asset Management LLC (0.04%), Assetmark Inc. (0.01%), Cetera Advisors LLC (0.01%) and Bank of Montreal Can (0.01%).

How do I buy shares of Braskem?

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.
Compare Top Brokerages Here.

What is Braskem's stock price today?

One share of BAK stock can currently be purchased for approximately $13.31.

How much money does Braskem make?

Braskem (NYSE:BAK) has a market capitalization of $6.01 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.

How many employees does Braskem have?

The company employs 8,312 workers across the globe.

How can I contact Braskem?

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.

This page (NYSE:BAK) was last updated on 8/18/2022 by MarketBeat.com Staff

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