In a report released today, Laurence Alexander from Jefferies reiterated a Buy rating on Orion Engineered (NYSE: OEC), with a price target of $41. The company’s shares closed on Friday at $34.45, close to its 52-week high of $36.55.
According to TipRanks.com, Alexander is a 5-star analyst with an average return of 13.6% and a 66.1% success rate. Alexander covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Venator Materials Plc, and Omnova Solutions Inc.
Orion Engineered has an analyst consensus of Moderate Buy, with a price target consensus of $39.33, implying a 14.2% upside from current levels. In a report issued on August 6, Northcoast Research also reiterated a Buy rating on the stock with a $40 price target.
.
See today’s analyst top recommended stocks >>
Orion Engineered’s market cap is currently $2.06B and has a P/E ratio of 17.47. The company has a Price to Book ratio of 15.73.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Orion Engineered Carbons SA engages in the supply of carbon black. It operates through the Specialty Carbon Black and Rubber Carbon Black segments. The Specialty Carbon Black segment manufactures specialty carbon black at multiple sites for a broad range of specialized applications. The Rubber Carbon Black segment produces rubber carbon black products.
