Orion Engineered Carbons S.A (NYSE:OEC) was upgraded by research analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, July 14th, Marketbeat Ratings reports. The brokerage currently has a $21.00 price target on the specialty chemicals company’s stock. Goldman Sachs Group, Inc. (The)’s target price suggests a potential downside of 1.41% from the stock’s current price.
Several other equities analysts also recently commented on the stock. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th. Berenberg Bank assumed coverage on shares of Orion Engineered Carbons S.A in a research report on Tuesday, May 16th. They set a “buy” rating and a $26.00 target price on the stock. BidaskClub raised Orion Engineered Carbons S.A from a “hold” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine downgraded Orion Engineered Carbons S.A from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, UBS AG reaffirmed a “neutral” rating and issued a $20.00 price target (down from $21.00) on shares of Orion Engineered Carbons S.A in a research report on Friday, May 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $22.00.
Shares of Orion Engineered Carbons S.A (OEC) remained flat at $21.30 during midday trading on Friday. The stock had a trading volume of 807,583 shares. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 23.77 and a beta of 0.49. Orion Engineered Carbons S.A has a 1-year low of $16.00 and a 1-year high of $24.55. The company has a 50-day moving average of $20.50 and a 200-day moving average of $20.04.
A number of large investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter worth $219,000. Nine Chapters Capital Management LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter worth $250,000. Jane Street Group LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter worth $361,000. Highbridge Capital Management LLC purchased a new stake in Orion Engineered Carbons S.A during the first quarter worth $390,000. Finally, Caxton Associates LP purchased a new stake in Orion Engineered Carbons S.A during the first quarter worth $411,000. 38.70% of the stock is currently owned by institutional investors and hedge funds.
Orion Engineered Carbons S.A Company Profile
Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.
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