Basf (OTCMKTS:BASFY) Earns Neutral Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Basf (OTCMKTS:BASFY) in a research report report published on Friday morning, StockNewsAPI reports. The brokerage issued a neutral rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on BASFY. Berenberg Bank upgraded shares of Basf to a strong-buy rating in a research note on Friday, June 28th. Citigroup raised shares of Basf to a hold rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Basf has a consensus rating of Hold.

Basf Stock Down 0.3 %

Shares of BASFY opened at $12.87 on Friday. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $46.56 billion, a PE ratio of 1,287.00, a P/E/G ratio of 1.19 and a beta of 1.22. The firm’s 50 day moving average is $12.31 and its 200-day moving average is $12.67. Basf has a 12 month low of $10.66 and a 12 month high of $14.89.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Friday, July 26th. The basic materials company reported $0.25 earnings per share for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The business had revenue of $17.34 billion during the quarter. Equities research analysts forecast that Basf will post 0.95 EPS for the current year.

About Basf

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.