ARKEMA/S (OTCMKTS:ARKAY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of ARKEMA/S (OTCMKTS:ARKAY) from a hold rating to a buy rating in a research note released on Tuesday morning, Zacks.com reports. The firm currently has $99.00 price target on the basic materials company’s stock.

According to Zacks, “Arkema SA is engaged in the manufacturing and marketing of vinyl products, industrial chemicals, and performance products. Vinyl products include chlorine or caustic soda, pipes and profiles, PVC, and vinyl compounds. Industrial chemicals include emulsion systems, fluorochemicals, hydrogen peroxide, PMMA and methacrylics, specialty acrylic polymers and thiochemicals. Performance products include functional additives, specialty chemicals and technical polymers. The Company’s products can be used for various purposes including air conditioning or refrigeration; chemical processing, coating, construction; packaging; automotive & transportation. Its products, also find their application in adhesives and sealants, agriculture & agrochemicals, consumer goods, electronics, foams, solvents and aerosols market, health, hygiene & beauty, oil & gas, energy, pharmaceuticals, pulp & paper, rubber market, sports & leisure, etc. Arkema SA is headquartered in France. “

Several other analysts have also recently weighed in on ARKAY. Berenberg Bank reissued a buy rating and issued a GBX 3,620 ($47.30) price objective on shares of Bellway in a research note on Wednesday, April 3rd. ValuEngine raised shares of Zumiez from a sell rating to a hold rating in a research note on Saturday, March 30th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $99.00.

Shares of OTCMKTS:ARKAY opened at $92.50 on Tuesday. The business’s fifty day moving average is $88.43. The firm has a market capitalization of $7.02 billion, a P/E ratio of 8.25, a PEG ratio of 2.20 and a beta of 1.34. The company has a quick ratio of 1.75, a current ratio of 2.42 and a debt-to-equity ratio of 0.45. ARKEMA/S has a 52-week low of $82.00 and a 52-week high of $131.55.

ARKEMA/S (OTCMKTS:ARKAY) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter. The company had revenue of $2.52 billion during the quarter. ARKEMA/S had a net margin of 7.55% and a return on equity of 13.83%. Sell-side analysts expect that ARKEMA/S will post 9.24 earnings per share for the current fiscal year.

The firm also recently disclosed an annual dividend, which was paid on Thursday, June 13th. Investors of record on Friday, May 24th were paid a $2.353 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a dividend yield of 2.61%. ARKEMA/S’s dividend payout ratio is 20.87%.

ARKEMA/S Company Profile

Arkema SA manufactures and sells specialty chemicals and advanced materials worldwide. It operates through three segments: High Performance Materials, Industrial Specialties, and Coating Solutions. Its products include acrylics, coating resins, electroactive polymers, fluorochemicals, fluoropolymers, functional polyolefins, hydrazine hydrate, hydrogen peroxide, molecular sieves, organic peroxide, oxygenated solvents, poly-ether-ketone-ketone polyetherketoneketone, plastic additives, polymethyl methacrylate resins and sheets, rheology additives, solutions for glass coating, specialty adhesives, specialty polyamides, surfactants and additives, technical fluids, and thiochemicals.

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