Arkema (OTCMKTS:ARKAY) Shares Gap Up – Should You Buy?

Shares of Arkema SA (OTCMKTS:ARKAY – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $72.45, but opened at $76.80. Arkema shares last traded at $76.80, with a volume of 173 shares.

Analysts Set New Price Targets

A number of equities analysts have commented on ARKAY shares. The Goldman Sachs Group raised shares of Arkema from a “hold” rating to a “buy” rating in a research report on Tuesday, February 10th. Kepler Capital Markets cut shares of Arkema from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 7th. Sanford C. Bernstein raised shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Berenberg Bank downgraded shares of Arkema from a “strong-buy” rating to a “hold” rating in a report on Monday, April 20th. Finally, Zacks Research raised shares of Arkema from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

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Arkema Stock Down 0.1%

The firm has a market cap of $5.61 billion, a P/E ratio of 295.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.63 and a current ratio of 2.13. The firm’s fifty day moving average is $68.22 and its 200 day moving average is $64.65.

Arkema (OTCMKTS:ARKAY – Get Free Report) last announced its 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. The business had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.52 billion. Arkema had a net margin of 0.46% and a return on equity of 4.06%. As a group, equities research analysts anticipate that Arkema SA will post 3.79 earnings per share for the current fiscal year.

Arkema Company Profile

(Get Free Report)

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.

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