KeyCorp Boosts Orion Engineered Carbons S.A (OEC) Price Target to $25.00

Orion Engineered Carbons S.A (NYSE:OEC) had its price target increased by KeyCorp from $24.00 to $25.00 in a research report sent to investors on Monday, October 16th. They currently have a buy rating on the specialty chemicals company’s stock.

Several other research firms also recently commented on OEC. BidaskClub downgraded shares of Orion Engineered Carbons S.A from a buy rating to a hold rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Orion Engineered Carbons S.A from a hold rating to a buy rating and set a $23.00 price objective for the company in a report on Tuesday, July 11th. Berenberg Bank reissued a buy rating and set a $26.00 price objective on shares of Orion Engineered Carbons S.A in a report on Friday, August 11th. JPMorgan Chase & Co. cut shares of Orion Engineered Carbons S.A from an overweight rating to a neutral rating and decreased their target price for the company from $25.00 to $23.00 in a research report on Monday, August 7th. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Orion Engineered Carbons S.A from a neutral rating to a buy rating and set a $21.00 target price on the stock in a research report on Friday, July 14th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $23.00.

Orion Engineered Carbons S.A (NYSE:OEC) opened at 23.75 on Monday. The firm has a market capitalization of $1.41 billion, a PE ratio of 25.29 and a beta of 0.52. The firm has a 50-day moving average price of $22.54 and a 200 day moving average price of $20.60. Orion Engineered Carbons S.A has a one year low of $17.15 and a one year high of $24.55.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Orion Engineered Carbons S.A by 9.8% during the second quarter. Parametric Portfolio Associates LLC now owns 11,734 shares of the specialty chemicals company’s stock valued at $234,000 after purchasing an additional 1,046 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Orion Engineered Carbons S.A by 2.0% in the second quarter. PNC Financial Services Group Inc. now owns 75,908 shares of the specialty chemicals company’s stock valued at $1,515,000 after acquiring an additional 1,492 shares in the last quarter. Northern Trust Corp boosted its stake in Orion Engineered Carbons S.A by 15.7% in the second quarter. Northern Trust Corp now owns 11,721 shares of the specialty chemicals company’s stock valued at $234,000 after acquiring an additional 1,594 shares in the last quarter. Sit Investment Associates Inc. boosted its stake in Orion Engineered Carbons S.A by 3.7% in the second quarter. Sit Investment Associates Inc. now owns 55,382 shares of the specialty chemicals company’s stock valued at $1,105,000 after acquiring an additional 1,975 shares in the last quarter. Finally, Renaissance Group LLC boosted its stake in Orion Engineered Carbons S.A by 10.6% in the second quarter. Renaissance Group LLC now owns 22,760 shares of the specialty chemicals company’s stock valued at $454,000 after acquiring an additional 2,186 shares in the last quarter. Hedge funds and other institutional investors own 37.47% of the company’s stock.

About Orion Engineered Carbons S.A

Orion Engineered Carbons SA is a producer of carbon black. The Company operates through two segments: Specialty Carbon Black and Rubber Carbon Black. The Specialty Carbon Black segment is engaged in the production of specialty carbon black. The Rubber Carbon Black segment is involved in the production of rubber carbon black.

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