Orion Engineered (OEC) Gets a Buy Rating from Northcoast Research

By Jason Carr

Northcoast Research analyst Kevin Hocevar reiterated a Buy rating on Orion Engineered (NYSE: OEC) yesterday and set a price target of $40. The company’s shares closed yesterday at $35.10, close to its 52-week high of $36.20.

According to TipRanks.com, Hocevar is a 2-star analyst with an average return of 0.5% and a 52.4% success rate. Hocevar covers the Consumer Goods sector, focusing on stocks such as Mohawk Industries, RPM International, and PPG Industries.

Currently, the analyst consensus on Orion Engineered is a Moderate Buy with an average price target of $37.

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The company has a one-year high of $36.20 and a one-year low of $19.90. Currently, Orion Engineered has an average volume of 439.9K.

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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.