The Goldman Sachs Group upgraded shares of Basf (OTCMKTS:BASFY – Free Report) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat reports.
Other equities analysts also recently issued reports about the company. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. initiated coverage on Basf in a research report on Friday, October 11th. They set a “neutral” rating for the company. Finally, Citigroup upgraded Basf to a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on BASFY
Basf Stock Down 1.0 %
Basf (OTCMKTS:BASFY – Get Free Report) last posted its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 EPS for the quarter. The firm had revenue of $17.30 billion during the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. On average, research analysts predict that Basf will post 0.9 EPS 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.
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