Arkema SA (OTCMKTS:ARKAY) Given Average Recommendation of “Reduce” by Brokerages

Shares of Arkema SA (OTCMKTS:ARKAY) have earned an average rating of “Reduce” from the eight analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and one has issued a buy recommendation on the company.

ARKAY has been the topic of a number of recent research reports. Kepler Capital Markets downgraded Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. The Goldman Sachs Group cut Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Berenberg Bank downgraded Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Finally, Sanford C. Bernstein upgraded Arkema from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th.

Arkema Stock Up 0.8%

Arkema stock opened at $63.54 on Thursday. The company has a market cap of $4.83 billion, a P/E ratio of 254.15 and a beta of 0.86. Arkema has a 1-year low of $56.28 and a 1-year high of $79.36. The company has a fifty day simple moving average of $66.23 and a 200 day simple moving average of $66.99. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.53.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.10. Arkema had a net margin of 0.46% and a return on equity of 4.06%. The firm had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.52 billion. Research analysts anticipate that Arkema will post 3.48 earnings per share for the current fiscal year.

Arkema Company Profile

Arkema SA is a global specialty chemicals and advanced materials company headquartered in Colombes, France. Established in 2004 as a spin-off from Total’s chemicals division, the company offers a broad portfolio of high-performance materials designed to improve durability, thermal and chemical resistance, and environmental performance across diverse industries.

Arkema’s operations are organized into four core segments. Adhesive Solutions delivers bonding, sealing, and coating technologies for markets such as packaging, medical devices, and consumer goods.