Today UBS Keeps a Neutral Rating on Orion Engineered Carbons (NYSE:OEC) and a $29 Target Price

February 24, 2018 - By Richard Conner

 Today UBS Keeps a Neutral Rating on Orion Engineered Carbons (NYSE:OEC) and a $29 Target Price

Orion Engineered Carbons (NYSE:OEC) Rating Reaffirmed

The firm has just set a PT of $29 on Orion Engineered Carbons (NYSE:OEC) shares. This is 2.29 % from the current stock price. In a research note sent to clients and investors on Friday, 23 February, UBS reiterated their Neutral rating on shares of OEC.

Orion Engineered Carbons, S.A. (NYSE:OEC) Ratings Coverage

Among 10 analysts covering Orion Engineered Carbons (NYSE:OEC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Orion Engineered Carbons has $38.0 highest and $15 lowest target. $26.11’s average target is -7.90% below currents $28.35 stock price. Orion Engineered Carbons had 22 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, January 16, the company rating was maintained by KeyBanc Capital Markets. Macquarie Research maintained it with “Neutral” rating and $15 target in Monday, March 7 report. KeyBanc Capital Markets maintained the stock with “Buy” rating in Monday, October 16 report. The company was upgraded on Monday, November 6 by JP Morgan. The firm earned “Buy” rating on Friday, November 3 by KeyBanc Capital Markets. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) has “Neutral” rating given on Friday, October 30 by UBS. As per Tuesday, November 7, the company rating was maintained by Barclays Capital. Jefferies initiated the shares of OEC in report on Monday, January 22 with “Buy” rating. On Friday, November 3 the stock rating was maintained by UBS with “Neutral”. JP Morgan downgraded Orion Engineered Carbons, S.A. (NYSE:OEC) on Monday, August 7 to “Neutral” rating.

The stock increased 1.98% or $0.55 during the last trading session, reaching $28.35. About 716,156 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 24.57% since February 24, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Orion Engineered Carbons S.A., together with its subsidiaries, produces and sells carbon black products in Germany, the United States, South Korea, Brazil, South Africa, the rest of Europe, and internationally. The company has market cap of $1.68 billion. It operates through two divisions, Specialty Carbon Black and Rubber Carbon Black. It has a 20.98 P/E ratio. The firm offers post-treated specialty carbon black grades for coatings and printing applications; and various conductive carbon black grades for use in polymer and printing applications, as well as in silicon, non-woven textile, building material, battery electrodes metallurgical, agrochemical, and carbon brush applications.

More notable recent Orion Engineered Carbons, S.A. (NYSE:OEC) news were published by: Seekingalpha.com which released: “Orion Engineered Carbons’ (OEC) CEO Jack Clem on Q3 2017 Results – Earnings …” on November 03, 2017, also Gurufocus.com with their article: “Skyline Asset Management Lp Buys Orion Engineered Carbons SA, NCR Corp …” published on February 15, 2018, Nasdaq.com published: “Orion Engineered Carbons SA (OEC) Ex-Dividend Date Scheduled for December 21, 2017” on December 20, 2017. More interesting news about Orion Engineered Carbons, S.A. (NYSE:OEC) were released by: Seekingalpha.com and their article: “Orion Engineered Carbons’ (OEC) CEO Jack Clem on Q4 2017 Results – Earnings …” published on February 23, 2018 as well as Gurufocus.com‘s news article titled: “First Pacific Advisors Buys Expedia Inc, Orion Engineered Carbons SA, Axalta …” with publication date: February 12, 2018.

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