Braskem S.A. (NYSE:BAK) Receives Common Suggestion of “Maintain” from Analysts

Braskem S.A. (NYSE:BAK) Receives Common Suggestion of “Maintain” from Analysts

Shares of Braskem S.A. (NYSE:BAK – Get Ranking) have earned a consensus score of “Maintain” from the 9 analysts which can be presently masking the agency, Marketbeat.com experiences. Two analysts have rated the inventory with a promote suggestion, three have given a maintain suggestion and three have issued a purchase suggestion on the corporate. The typical 12-month value goal amongst analysts which have up to date their protection on the inventory within the final 12 months is $32.40.

BAK has been the subject of plenty of analyst experiences. Howard Weil reduce Braskem from a “sector carry out” score to a “sector underperform” score in a analysis report on Monday, August fifteenth. Scotiabank downgraded Braskem from a “sector carry out” score to a “sector underperform” score in a analysis report on Monday, August fifteenth. Lastly, TheStreet downgraded Braskem from a “b-” score to a “c” score in a analysis report on Friday, August twelfth.

Braskem Inventory Efficiency

Shares of Braskem inventory opened at $12.53 on Friday. The corporate has a present ratio of 1.55, a fast ratio of 0.89 and a debt-to-equity ratio of 5.91. The agency has a market capitalization of $5.66 billion, a P/E ratio of 4.06, a P/E/G ratio of 0.35 and a beta of 1.65. The enterprise has a fifty day easy shifting common of $13.32 and a two-hundred day easy shifting common of $16.32. Braskem has a 12 month low of $11.41 and a 12 month excessive of $26.93.

Hedge Funds Weigh In On Braskem

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A number of hedge funds have lately purchased and bought shares of the enterprise. Cerity Companions LLC purchased a brand new place in shares of Braskem throughout the 2nd quarter value $160,000. Assetmark Inc. grew its place in shares of Braskem by 83.1% throughout the 2nd quarter. Assetmark Inc. now owns 64,038 shares of the corporate’s inventory value $914,000 after shopping for a further 29,055 shares within the final quarter. Veriti Administration LLC grew its place in shares of Braskem by 52.3% throughout the 2nd quarter. Veriti Administration LLC now owns 19,079 shares of the corporate’s inventory value $272,000 after shopping for a further 6,552 shares within the final quarter. Lecturers Retirement System of The State of Kentucky grew its place in shares of Braskem by 16.2% throughout the 1st quarter. Lecturers Retirement System of The State of Kentucky now owns 185,500 shares of the corporate’s inventory value $3,458,000 after shopping for a further 25,800 shares within the final quarter. Lastly, Cetera Advisors LLC bought a brand new stake in shares of Braskem throughout the 1st quarter value $195,000. Institutional traders personal 0.12% of the corporate’s inventory.

About Braskem

(Get Ranking)

Braskem SA, along with its subsidiaries, produces and sells thermoplastic resins. The corporate operates by way of three segments: Brazil, United States and Europe, and Mexico. The Brazil phase produces and sells chemical substances, together with ethylene, polymer and chemical grade propylene, butadiene, butene-1, benzene, toluene, and xylenes merchandise; fuels, comparable to automotive gasoline, liquefied petroleum gasoline, ethyl tertiary-butyl ether, and methyl tertiary-butyl ether; intermediates, comparable to cumene; aliphatics, aromatics, and hydrogenated solvents; and specialties comprising isoprene, dicyclopentadiene, piperylene, nonene, tetramer, polyisobutylene, and hydrocarbon resins.

Advisable Tales

Analyst Recommendations for Braskem (NYSE:BAK)

This immediate information alert was generated by narrative science expertise and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected].

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