LANXESS (LNXSF) Gets a Sell Rating from Kepler Capital

Kepler Capital analyst Christian Faitz maintained a Sell rating on LANXESS (LNXSFResearch Report) on October 14 and set a price target of EUR45.00. The company’s shares closed last Thursday at $55.95.

According to, Faitz is a 1-star analyst with an average return of -1.3% and a 44.4% success rate. Faitz covers the Basic Materials sector, focusing on stocks such as Wacker Chemie AG, Clariant AG, and Solvay.

The word on The Street in general, suggests a Hold analyst consensus rating for LANXESS with a $60.76 average price target, implying a 2.7% upside from current levels. In a report issued on September 29, Goldman Sachs also maintained a Sell rating on the stock with a EUR45.00 price target.

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Based on LANXESS’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.44 billion and net profit of $798 million. In comparison, last year the company earned revenue of $1.72 billion and had a net profit of $100 million.

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LANXESS AG is a holding company, which engages in the provision of specialty chemicals. It operates through the following segments: Advanced Intermediates, Specialty Additives, Performance Chemicals, High Performance Materials, and Arlanxeo. The Advanced Intermediates segment consists of industrial chemical intermediates and a key player in the custom synthesis, and manufacturing of chemical precursors and specialty active ingredients. The Specialty Additives segment focuses on specialty additive chemicals. The Performance Chemicals segment covers application-oriented process, and functional chemicals operations. The High Performance Materials segment represents plastic activities in the engineering materials. The Arlanxeo segment refers to synthetic rubber activities. The company was founded on July 1, 2004 and is headquartered in Leverkusen, Germany.