Braskem SA Rating Increased to Outperform at Zacks (BAK)
Braskem SA (NYSE:BAK) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Monday, AnalystRatings.NET reports. The firm currently has a $16.00 target price on the stock. Zacks‘s price target indicates a potential upside of 14.12% from the stock’s previous close.
Separately, analysts at TheStreet downgraded shares of Braskem SA from a “hold” rating to a “sell” rating in a research note on Tuesday, February 18th.
Braskem SA (NYSE:BAK) traded up 1.01% during mid-day trading on Monday, hitting $14.02. 472,939 shares of the company’s stock traded hands. Braskem SA has a one year low of $12.56 and a one year high of $18.58. The stock has a 50-day moving average of $14.57 and a 200-day moving average of $15.77. The company has a market cap of $5.581 billion and a P/E ratio of 17.57. Braskem SA also was the recipient of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,080,549 shares, an increase of 48.8% from the March 31st total of 726,129 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 433,185 shares, the short-interest ratio is presently 2.5 days.
Braskem SA (NYSE:BAK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($3.22) by $3.65. On average, analysts predict that Braskem SA will post $1.04 earnings per share for the current fiscal year.
Braskem SA (NYSE:BAK) is a petrochemical company.
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