Braskem S.A. (BAK) Forms $28.31 Double Top; Atlantic Trust Group Cut Nxp Semiconductors N V Com (NXPI) Position By $710,092

Braskem S.A. (BAK) formed double top with $29.73 target or 5.00% above today’s $28.31 share price. Braskem S.A. (BAK) has $11.39 billion valuation. The stock increased 0.28% or $0.08 during the last trading session, reaching $28.31. About 214,851 shares traded. Braskem S.A. (NYSE:BAK) has risen 73.46% since March 3, 2017 and is uptrending. It has outperformed by 56.76% the S&P500.

Atlantic Trust Group Llc decreased Nxp Semiconductors N V Com (NXPI) stake by 2.81% reported in 2017Q3 SEC filing. Atlantic Trust Group Llc sold 6,284 shares as Nxp Semiconductors N V Com (NXPI)’s stock rose 5.22%. The Atlantic Trust Group Llc holds 217,214 shares with $24.57 million value, down from 223,498 last quarter. Nxp Semiconductors N V Com now has $42.64 billion valuation. The stock increased 0.26% or $0.32 during the last trading session, reaching $124.09. About 2.90M shares traded. NXP Semiconductors N.V. (NASDAQ:NXPI) has risen 24.67% since March 3, 2017 and is uptrending. It has outperformed by 7.97% the S&P500.

Analysts await Braskem S.A. (NYSE:BAK) to report earnings on August, 16. BAK’s profit will be $326.00M for 8.74 P/E if the $0.81 EPS becomes a reality. After $0.64 actual EPS reported by Braskem S.A. for the previous quarter, Wall Street now forecasts 26.56% EPS growth.

Among 4 analysts covering Braskem SA (NYSE:BAK), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Braskem SA has $16 highest and $14.30 lowest target. $16’s average target is -43.48% below currents $28.31 stock price. Braskem SA had 5 analyst reports since September 21, 2015 according to SRatingsIntel. Bank of America upgraded the shares of BAK in report on Tuesday, May 24 to “Buy” rating. HSBC initiated Braskem S.A. (NYSE:BAK) on Tuesday, October 11 with “Buy” rating. JP Morgan upgraded the stock to “Overweight” rating in Monday, December 5 report.

Atlantic Trust Group Llc increased Baxter Intl Inc Com (NYSE:BAX) stake by 31,763 shares to 58,108 valued at $3.65M in 2017Q3. It also upped Intercontinental Exchange Inc Com (NYSE:ICE) stake by 12,033 shares and now owns 344,034 shares. Alliance Data Systems Corp Com (NYSE:ADS) was raised too.