Basf (BASFY) Upgraded by JPMorgan Chase & Co. to Overweight

JPMorgan Chase & Co. upgraded shares of Basf (OTCMKTS:BASFY) from a neutral rating to an overweight rating in a research note released on Thursday, The Fly reports.

BASFY has been the topic of several other research reports. Zacks Investment Research upgraded shares of Basf from a sell rating to a hold rating in a research note on Friday, January 4th. ValuEngine upgraded shares of Basf from a strong sell rating to a sell rating in a research note on Thursday, December 20th. Macquarie downgraded shares of Basf from an outperform rating to a neutral rating in a research note on Thursday, November 29th. Barclays downgraded shares of Basf from an overweight rating to an equal weight rating in a research note on Thursday, November 29th. Finally, Sanford C. Bernstein initiated coverage on shares of Basf in a research note on Monday, September 24th. They issued a market perform rating on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Basf presently has an average rating of Hold.

OTCMKTS BASFY traded down $0.29 during trading on Thursday, reaching $18.16. 1,195,702 shares of the company’s stock were exchanged, compared to its average volume of 687,159. The company has a market capitalization of $67.60 billion, a price-to-earnings ratio of 9.98, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.07 and a quick ratio of 1.43. Basf has a 1 year low of $16.35 and a 1 year high of $30.22.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Friday, October 26th. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.03). The company had revenue of $18.14 billion during the quarter. Basf had a net margin of 9.07% and a return on equity of 17.41%. As a group, equities research analysts expect that Basf will post 1.82 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.

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