BASF (BASFY) Receives Neutral Rating from JPMorgan Chase

JPMorgan Chase reaffirmed their neutral rating on shares of BASF (OTCMKTS:BASFY) in a report published on Friday morning.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of BASF from a buy rating to a hold rating in a research note on Wednesday. ValuEngine cut shares of BASF from a buy rating to a hold rating in a research note on Monday, April 2nd. Finally, HSBC raised shares of BASF from a reduce rating to a hold rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of Hold and an average target price of $31.00.

Get BASF alerts:

Shares of OTCMKTS:BASFY traded up $0.11 on Friday, reaching $26.18. 195,164 shares of the company were exchanged, compared to its average volume of 362,827. The company has a quick ratio of 1.40, a current ratio of 2.09 and a debt-to-equity ratio of 0.45. BASF has a 1-year low of $22.98 and a 1-year high of $30.22. The stock has a market cap of $95,781.18, a PE ratio of 14.38, a price-to-earnings-growth ratio of 2.03 and a beta of 1.17.

BASF (OTCMKTS:BASFY) last posted its quarterly earnings results on Thursday, February 22nd. The basic materials company reported $0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.43. BASF had a net margin of 9.41% and a return on equity of 18.50%. The business had revenue of $18.96 billion for the quarter. equities analysts anticipate that BASF will post 2.05 earnings per share for the current year.

About BASF

BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines.

Analyst Recommendations for BASF (OTCMKTS:BASFY)