Braskem (BAK) Upgraded by Zacks Investment Research to Strong-Buy

Braskem stock has undergone multiple analysts rating changes in the recent past.  Braskem Upgraded by Zacks Investment Research on 10-11-21. In a note to investors, the firm issued a new rating of Strong-Buy. The analysts previously had rating of Hold.

Shares of Braskem traded down -$0.61 on Monday, reaching $20.35. 135255 shares of the stock traded hands, compared to its average volume of 216172. Shares of Braskem were trading at $20.35 on Monday. The firm’s 50 day moving average is $22.83 and its 200 day moving average is $17.99.Braskem has a 12 month low of $20.30 and a 12 month high of $26.93. While on yearly highs and lows, Braskem’s today has traded high as $21.07 and has touched $20.30 on the downward trend. See More Analyst Rating at: RATING

Braskem Earnings and What to expect: 

Braskem last released its earnings results on August 3rd, 2021. The reported $3.52 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $1.30. The business earned $4.99 billion during the quarter, compared to analysts’ expectations of $4.72 billion. Braskem has generated ($3.26) earnings per share over the last year ($4.40 diluted earnings per share) and currently has a price-to-earnings ratio of 4.6. Earnings for Braskem are expected to decrease by -40.73% in the coming year, from $6.58 to $3.90 per share. Braskem has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

Earnings for Braskem are expected to decrease by -40.73% in the coming year, from $6.58 to $3.90 per share. The P/E ratio of Braskem is 4.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.63. The P/E ratio of Braskem is 4.63, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.70.

Braskem (BAK) Moving Average Technical Analysis

5 day Moving Average is $20.91 And 5 day price change is -$1.34 (-6.18%)  with average volume for 5 day average is 144,900. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $22.39 and 20 day price change is -$5.36 (-20.85%) and average 20 day moving volume is 218,160. 50 day moving average is $22.83  and 50 day price change is -$1.83 ( -8.25%)  and with average volume for 50 days is : 197,186. 200 day moving average is $17.99  and 200 day price change is $11.42 (127.88%)  and with average volume for 200 days is : 257,746.

Other owners latest trading in Braskem :

  • On 8/26/2021 shares held by Comerica Bank were 9,654 which equates to market value of $0.20M and appx 0.00% owners of Braskem
  • On 8/23/2021 shares held by Morgan Stanley were 8,695 which equates to market value of $0.21M and appx 0.00% owners of Braskem
  • On 8/18/2021 shares held by Colony Group LLC were 17,524 which equates to market value of $0.42M and appx 0.00% owners of Braskem
  • In total Institutional ownership equates to There is no enough data Institutional Ownership Percentage for Braskem

See More Analyst Rating at: RATING