Barclays analyst Duffy Fischer maintained a Hold rating on Orion Engineered (NYSE: OEC) yesterday and set a price target of $37. The company’s shares closed yesterday at $35.10, close to its 52-week high of $36.20.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 18.8% and a 63.2% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Venator Materials Plc.
Orion Engineered has an analyst consensus of Moderate Buy, with a price target consensus of $38.50.
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Based on Orion Engineered’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $52.69 million. In comparison, last year the company had a net profit of $18.52 million.
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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.
