Braskem S.A. (NYSE:BAK – Get Rating) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $32.40.
A number of analysts have issued reports on BAK shares. Zacks Investment Research cut shares of Braskem from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 12th. TheStreet upgraded shares of Braskem from a “c” rating to a “b” rating in a research note on Thursday, May 12th.
Braskem stock opened at $18.03 on Friday. The firm’s 50 day simple moving average is $17.77 and its 200-day simple moving average is $18.64. The company has a market cap of $8.14 billion, a P/E ratio of 2.46, a price-to-earnings-growth ratio of 0.45 and a beta of 1.69. The company has a debt-to-equity ratio of 4.11, a current ratio of 1.63 and a quick ratio of 0.94. Braskem has a fifty-two week low of $15.09 and a fifty-two week high of $26.93.
Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC increased its position in Braskem by 10.8% during the first quarter. Acadian Asset Management LLC now owns 554,666 shares of the company’s stock worth $10,336,000 after acquiring an additional 54,015 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Braskem by 160.6% in the 1st quarter. Renaissance Technologies LLC now owns 324,500 shares of the company’s stock valued at $6,049,000 after purchasing an additional 200,000 shares in the last quarter. State Street Corp boosted its stake in shares of Braskem by 19.8% in the 1st quarter. State Street Corp now owns 251,227 shares of the company’s stock valued at $4,683,000 after purchasing an additional 41,461 shares in the last quarter. Todd Asset Management LLC boosted its stake in shares of Braskem by 16.2% in the 1st quarter. Todd Asset Management LLC now owns 185,500 shares of the company’s stock valued at $3,458,000 after purchasing an additional 25,800 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Braskem by 63.8% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 159,700 shares of the company’s stock valued at $3,368,000 after purchasing an additional 62,200 shares in the last quarter. Institutional investors and hedge funds own 0.25% of the company’s stock.
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.
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