OEC Similar Chart Price Prediction
The price of OEC is predicted to go up 19.56%, based on the high correlation periods with NE. The similarity of these two price pattern on the periods is 91.71%.
OEC
NE
Up: 19.56%Similarity: 91.71%
OEC Revenue Forecast
OEC EPS Forecast
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OEC Analyst's Forecast
Jeffrey Zekauskas
JP Morgan
Hold → Buy
2024-11-11
Price Target
$20 → $21
Upside
+17.85%
JPMorgan upgraded Orion Engineered (OEC) to Overweight from Neutral with a price target of $21, up from $20. The firm believes Orion is undervalued at the current share price and Cabot (CBT) is "somewhat overvalued." There is upside opportunity in Orion to $25 or about 60% appreciation potential should the company reach a 6.5-times multiple for 2026, the analyst tells investors in a research note. JPMorgan estimates Orion's free cash flow yield at 12% for 2026 due to sharply lower expected capital expenditures following the completion of an expansion project in battery materials.
