JPMorgan Chase & Co. cut shares of Basf (OTCMKTS:BASFY - Free Report) from a neutral rating to an underweight rating in a research note released on Thursday, MarketBeat reports.
A number of other research firms have also commented on BASFY. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Basf in a research note on Friday, March 7th. Berenberg Bank downgraded Basf from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold".
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Basf Stock Down 0.9 %
Shares of OTCMKTS:BASFY traded down $0.11 during trading on Thursday, hitting $12.81. 152,281 shares of the company were exchanged, compared to its average volume of 251,854. The firm's 50 day moving average price is $12.96 and its 200-day moving average price is $12.21. Basf has a 12-month low of $10.57 and a 12-month high of $14.89. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The stock has a market capitalization of $45.73 billion, a P/E ratio of 80.07, a PEG ratio of 2.30 and a beta of 1.16.
Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.05. The firm had revenue of $16.92 billion during the quarter, compared to analysts' expectations of $15.72 billion. Basf had a net margin of 0.78% and a return on equity of 6.63%. On average, research analysts predict that Basf will post 0.83 earnings per share for the current fiscal year.
About Basf
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BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.
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