Shares of Braskem SA (NYSE:BAK) have earned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Analysts have set a twelve-month consensus price objective of $15.00 for the company, according to Zacks. Zacks has also assigned Braskem SA an industry rank of 159 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of Braskem SA from a “buy” rating to a “strong sell” rating in a research note on Monday, July 25th.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. bought a new position in shares of Braskem SA during the second quarter worth approximately $110,000. Mckinley Capital Management LLC Delaware bought a new position in shares of Braskem SA during the first quarter worth approximately $144,000. Royal Bank of Canada bought a new position in shares of Braskem SA during the first quarter worth approximately $145,000. Bank of New York Mellon Corp bought a new position in shares of Braskem SA during the second quarter worth approximately $173,000. Finally, Nuveen Fund Advisors LLC bought a new position in shares of Braskem SA during the second quarter worth approximately $173,000. Institutional investors and hedge funds own 1.15% of the company’s stock.
Shares of Braskem SA (NYSE:BAK) opened at 16.02 on Thursday. Braskem SA has a 12-month low of $9.31 and a 12-month high of $16.25. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 6.92 and a beta of 1.69. The stock’s 50 day moving average is $14.27 and its 200 day moving average is $12.86.
The business also recently declared a dividend, which will be paid on Tuesday, October 18th. Investors of record on Tuesday, October 11th will be paid a $0.764 dividend. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Braskem SA’s previous dividend of $0.65. Braskem SA’s dividend payout ratio is 32.21%.
Braskem SA Company Profile
Braskem SA produces thermoplastic resins. The Company’s segments are Basic petrochemicals, Polyolefins, Vinyls, the United States and Europe, and Chemical distribution. It is also engaged in the import and export of chemicals, petrochemicals and fuels, the production, supply and sale of utilities such as steam, water, compressed air, industrial gases, the provision of industrial services, and the production, supply and sale of electric energy.
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