Arkema SA (OTCMKTS:ARKAY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Arkema SA (OTCMKTS:ARKAY) have earned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company.

A number of research firms have commented on ARKAY. The Goldman Sachs Group cut shares of Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Finally, Barclays raised shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 12th.

Arkema Stock Performance

ARKAY opened at $65.34 on Friday. Arkema has a 12-month low of $56.28 and a 12-month high of $79.36. The stock has a market cap of $4.97 billion, a price-to-earnings ratio of 225.31 and a beta of 0.85. The business has a 50 day moving average of $67.70 and a 200-day moving average of $67.78. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.42.

Arkema (OTCMKTS:ARKAY) last posted its earnings results on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.12. Arkema had a return on equity of 4.30% and a net margin of 0.67%.The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.86 billion. On average, equities research analysts expect that Arkema will post 3.68 earnings per share for the current year.

Arkema Company Profile

Arkema is a France-based specialty materials company that develops and manufactures high-performance materials for industrial and consumer applications. Its portfolio includes advanced polymers, adhesives, coating materials, specialty additives and other chemical products designed to improve durability, performance and sustainability.

The company serves industries such as automotive, construction, consumer goods, electronics, energy, packaging, sports and healthcare. Its products include specialty adhesives, acrylic and fluoropolymer materials, technical resins, coating solutions and materials used in lightweight, durable and lower-impact applications.

Arkema was established in 2004 following the reorganization of Total’s chemicals businesses and has expanded into a global specialty materials group with operations and customers across Europe, North America, Asia and other international markets.