Basf (OTCMKTS:BASFY) Lowered to Underweight Rating by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut shares of Basf (OTCMKTS:BASFY) from a neutral rating to an underweight rating in a research report released on Thursday, Marketbeat Ratings reports.

A number of other research analysts have also recently issued reports on BASFY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research report on Friday, March 7th. Berenberg Bank cut Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Basf presently has a consensus rating of “Hold”.

Basf Stock Performance

Shares of BASFY opened at $12.92 on Thursday. The stock has a 50-day moving average price of $12.93 and a 200-day moving average price of $12.20. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. The company has a market cap of $46.13 billion, a PE ratio of 80.76, a price-to-earnings-growth ratio of 2.30 and a beta of 1.16. Basf has a 12-month low of $10.57 and a 12-month high of $14.89.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Friday, February 28th. The basic materials company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. Basf had a net margin of 0.78% and a return on equity of 6.63%. The company had revenue of $16.92 billion during the quarter, compared to analyst estimates of $15.72 billion. As a group, equities analysts forecast that Basf will post 0.83 earnings per share for the current fiscal year.

Basf Company Profile

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.