Arkema S.A. Downgraded to Neutral at HSBC (ARKAY)
Shares of Arkema S.A. (NASDAQ:ARKAY) traded down 2.13% during mid-day trading on Monday, hitting $69.00. The stock had a trading volume of 594 shares. Arkema S.A. has a 1-year low of $69.60 and a 1-year high of $116.94. The stock’s 50-day moving average is $96.21 and its 200-day moving average is $104.6. The company has a market cap of $4.394 billion and a price-to-earnings ratio of 15.90.
Arkema S.A. (NASDAQ:ARKAY) last announced its earnings results on Friday, August 1st. The company reported $1.42 earnings per share (EPS) for the quarter. Analysts expect that Arkema S.A. will post $7.34 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. downgraded shares of Arkema S.A. from an “overweight” rating to an “underweight” rating in a research note on Tuesday, July 8th. Separately, analysts at Morgan Stanley upgraded shares of Arkema S.A. from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 2nd. Finally, analysts at Credit Suisse upgraded shares of Arkema S.A. from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 4th.
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