HENKEL AG & CO/S (OTCMKTS:HENKY) Rating Lowered to Sell at Zacks Investment Research

HENKEL AG & CO/S (OTCMKTS:HENKY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “HENKEL KGAA ADR’s principal activities are divided into four product divisions: Henkel technologies-industrial adhesives, contact adhesives and sealant; Cosmetics/toiletries-hair cosmetics, toiletries, oral and skin care, hair salon products; Detergents/household cleaners-heavy duty and specialty detergents, fabric softeners, household cleansers, kitchen care products, shoe care products, plant care products; Adhesives-adhesives, contact adhesives and sealant for consumer and craftsman. “

HENKY has been the subject of a number of other research reports. Jefferies Financial Group lowered HENKEL AG & CO/S from a “buy” rating to a “hold” rating in a research note on Tuesday, June 4th. HSBC initiated coverage on HENKEL AG & CO/S in a research note on Friday, June 28th. They set a “buy” rating for the company. Finally, Goldman Sachs Group upgraded HENKEL AG & CO/S from a “neutral” rating to a “buy” rating in a research note on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold”.

OTCMKTS HENKY opened at $22.03 on Wednesday. The stock has a 50-day simple moving average of $23.04 and a two-hundred day simple moving average of $23.02. The firm has a market capitalization of $39.12 billion, a P/E ratio of 12.45, a PEG ratio of 9.42 and a beta of 0.69. HENKEL AG & CO/S has a fifty-two week low of $21.03 and a fifty-two week high of $28.85. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.78 and a current ratio of 1.02.

About HENKEL AG & CO/S

Henkel AG & Co KGaA, together with its subsidiaries, engages in adhesive technologies, beauty care, and laundry and home care businesses worldwide. The company's Adhesive Technologies segment offers adhesives, sealants, and functional coatings for various business areas, including packaging and consumer goods adhesives; transport and metal; general industry; electronics; and consumers, craftsmen, and building.

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