Warburg Research analyst Oliver Schwarz downgraded Wacker Chemie AG (WKCMF) to Hold on February 21 and set a price target of EUR82.00. The company’s shares closed last Monday at $80.45.
According to TipRanks.com, Schwarz is ranked #3380 out of 5976 analysts.
Currently, the analyst consensus on Wacker Chemie AG is a Hold with an average price target of $78.87.
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Based on Wacker Chemie AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $828 million. In comparison, last year the company had a net profit of $30.47 million.
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Wacker Chemie AG engages in the manufacture and distribution of chemical products. It operates through the following segments: Silicones, Polymers, Biosolutions, Polysilicons, and Other. The Silicones segment includes silicones and silicone rubber for consumer goods, chemicals, energy and electronics applications, and construction products.
