Braskem - BAK Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Braskem in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.
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8 equities research analysts have issued 12-month price targets for Braskem's stock. Their BAK share price forecasts range from $20.00 to $68.00. On average, they predict the company's share price to reach $32.40 in the next year. This suggests a possible upside of 139.6% from the stock's current price.
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Braskem's stock was trading at $21.09 at the start of the year. Since then, BAK stock has decreased by 35.9% and is now trading at $13.52.
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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 currently 2.9 days.
View Braskem's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 17th 2022.
View our BAK earnings forecast.

Braskem S.A. (NYSE:BAK) announced its earnings results on Tuesday, August, 3rd. The company reported $3.52 earnings per share for the quarter, topping the consensus estimate 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 trailing twelve-month return on equity of 51.09% and a net margin of 5.92%.

Braskem declared an annual dividend on Monday, December 6th. Stockholders 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 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 22.68%. BAK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 44.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, BAK will have a dividend payout ratio of 170.90% 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."

Braskem's stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (0.08%), Todd Asset Management LLC (0.04%), Assetmark Inc. (0.01%), Cetera Advisors LLC (0.01%), Bank of Montreal Can (0.01%) and 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 $13.52.

Braskem (NYSE:BAK) has a market capitalization of $6.11 billion and generates $19.58 billion in revenue each year. The company earns $2.59 billion in net income (profit) each year or $7.33 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.