LANXESS (LNXSF) was Upgraded to a Buy Rating at Kepler Capital


Kepler Capital analyst Oliver Reinberg upgraded LANXESS (LNXSF) to Buy on January 12 and set a price target of EUR71.00. The company’s shares closed last Wednesday at $77.20, close to its 52-week high of $78.13.

According to TipRanks.com, Reinberg ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -8.6% and a 38.2% success rate. Reinberg covers the Healthcare sector, focusing on stocks such as Siemens Healthineers AG, Koninklijke Philips, and Qiagen.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for LANXESS with a $72.10 average price target, which is a -6.6% downside from current levels. In a report issued on January 5, UBS also maintained a Buy rating on the stock with a EUR65.00 price target.

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Based on LANXESS’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and net profit of $26 million. In comparison, last year the company earned revenue of $1.7 billion and had a net profit of $69 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.

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