In a report released today, Peter Spengler from DZ BANK AG maintained a Hold rating on Wacker Chemie AG (WKCMF – Research Report). The company’s shares closed last Wednesday at $94.70, close to its 52-week high of $97.20.
Spengler has an average return of 23.7% when recommending Wacker Chemie AG.
According to TipRanks.com, Spengler is ranked #1686 out of 6876 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Wacker Chemie AG with a $92.80 average price target, implying a -2.0% downside from current levels. In a report issued on July 23, Berenberg Bank also maintained a Hold rating on the stock with a EUR70.00 price target.
Based on Wacker Chemie AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.16 billion and GAAP net loss of $751 million. In comparison, last year the company earned revenue of $1.24 billion and had a GAAP net loss of $8 million.
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Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products. The Polymers segment produces dispersions and dispersible polymer powders. The Biosolutions segment fabricates fine chemicals, such as proteins, cyclodextirins, cysteine, and acetate solid resins. The Polysilicon segment consists of hyperpure polysilicon, chlorosilanes, and pyrogenic silicas for the semiconductor and electronics industries. The Others segments comprises of other activities. The company was founded on October 13, 1914 and is headquartered in Munich, Germany.