Arkema (OTCMKTS:ARKAY) Upgraded by Barclays to Hold Rating

Barclays upgraded shares of Arkema (OTCMKTS:ARKAY) from a strong sell rating to a hold rating in a report published on Wednesday morning,Zacks.com reports.

Several other brokerages have also commented on ARKAY. The Goldman Sachs Group lowered Arkema from a “buy” rating to a “neutral” rating in a research note on Monday, June 8th. Zacks Research raised Arkema from a “strong sell” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein upgraded shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Arkema in a research report on Tuesday, June 23rd. Finally, Berenberg Bank lowered shares of Arkema from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Arkema presently has an average rating of “Hold”.

Arkema Price Performance

ARKAY stock opened at $71.81 on Wednesday. Arkema has a one year low of $56.28 and a one year high of $79.36. The firm has a market cap of $5.46 billion, a PE ratio of 247.62 and a beta of 0.85. The firm’s 50 day moving average price is $65.99 and its 200-day moving average price is $67.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.64 and a current ratio of 2.25.

Arkema (OTCMKTS:ARKAY) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.12. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.86 billion. Arkema had a return on equity of 4.27% and a net margin of 0.67%. On average, equities research analysts anticipate that Arkema will post 3.67 EPS 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.