Zacks Rating on Braskem S.A. (BAK)

Braskem S.A. (BAK) : The consensus on Braskem S.A. (BAK) based on 1 analyst recommendation on the company stock is 1, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels.


Shares of Braskem S.A. rose by 2.82% in the last five trading days and 19.16% for the last 4 weeks. Braskem S.A. is up 19.78% in the last 3-month period. Year-to-Date the stock performance stands at 8.34%. Braskem S.A. (NYSE:BAK): stock turned positive on Tuesday. Though the stock opened at $13.69, the bulls momentum made the stock top out at $14.24 level for the day. The stock recorded a low of $13.65 and closed the trading day at $13.87, in the green by 3.35%. The total traded volume for the day was 675,028. The stock had closed at $13.42 in the previous days trading.

Braskem S.A. (Braskem) is a producer of thermoplastic resins. The Company has 36 industrial plants, of which 29 are in Brazil, five in the United States and two in Europe. These units produce thermoplastic resins: polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC), as well as basic petrochemicals. Braskems business operations consist of four production segments and one distribution segment: Basic Petrochemicals Unit, Polyolefins, Vinyls, United States and Europe, and Chemical distribution. Additionally, Braskem 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, as well as the provision of industrial services and the production, supply and sale of electric energy for its own use and use by other companies. Braskem also invests in other companies, either as a partner or as shareholder.

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