Kepler Capital analyst Martin Roediger maintained a Buy rating on LANXESS (LNXSF – Research Report) on January 16 and set a price target of EUR50.00. The company’s shares closed yesterday at $49.75.
According to TipRanks, Roediger is ranked #1017 out of 8216 analysts.
In addition to Kepler Capital , LANXESS also received a Buy from Jefferies’s Chris Counihan in a report issued yesterday. However, on January 3, J.P. Morgan maintained a Hold rating on LANXESS (Other OTC: LNXSF).
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Based on LANXESS’ latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $80 million. In comparison, last year the company earned a revenue of $1.95 billion and had a net profit of $74 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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