What Analysts Are Saying About ChampionX Stock
Portfolio Pulse from Benzinga Insights
ChampionX (NASDAQ:CHX) has been analyzed by 4 analysts, showing a mix of opinions with an average 12-month price target of $35.25, down from $39.50. All four analysts have lowered their price targets, with the highest at $39.00 and the lowest at $32.00. The company, which specializes in chemical solutions and equipment for oil and gas production, has seen a -8.01% decline in revenue growth and has a net margin of 8.27%. Its ROE is below industry average at 4.5%, but its ROA is strong at 2.34%, and it has a healthy debt-to-equity ratio of 0.39.
January 08, 2024 | 3:00 pm
News sentiment analysis
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ChampionX has received mixed analyst ratings with lowered price targets, indicating potential pressure on the stock price. However, strong net margins and ROA could provide some positive sentiment.
The lowered price targets from analysts suggest a bearish outlook for ChampionX in the short term, which could lead to a decrease in stock price. However, the company's strong net margin and ROA, along with a healthy debt-to-equity ratio, may mitigate some negative impact and provide a counterbalance to the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100