Arkema SA (OTCMKTS:ARKAY) Receives Consensus Rating of “Reduce” from Analysts

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

Several brokerages have recently commented on ARKAY. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Zacks Research upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. The Goldman Sachs Group cut shares of Arkema from a “buy” rating to a “neutral” rating in a research report on Monday, June 8th. Berenberg Bank cut shares of Arkema from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Kepler Capital Markets cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th.

Arkema Stock Down 2.2%

Shares of OTCMKTS:ARKAY opened at $63.73 on Friday. Arkema has a one year low of $56.28 and a one year high of $79.36. The company has a 50 day moving average of $70.17 and a 200-day moving average of $66.62. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.25 and a quick ratio of 1.64. The stock has a market cap of $4.85 billion, a price-to-earnings ratio of 254.90 and a beta of 0.84.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $1.01 EPS for the quarter, topping 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 company had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.52 billion. On average, sell-side analysts forecast that Arkema will post 3.48 earnings per share for the current year.

About Arkema

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.