According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “
Several other equities analysts have also recently issued reports on BASFY. JPMorgan Chase & Co. reduced their price target on shares of Basf from €80.00 ($85.11) to €76.50 ($81.38) and set an overweight rating on the stock in a research report on Tuesday, March 1st. Berenberg Bank reduced their price target on shares of Basf from €72.00 ($76.60) to €62.00 ($65.96) in a research report on Tuesday, March 1st. HSBC upgraded shares of Basf from a hold rating to a buy rating in a research report on Monday, March 28th. Oddo Bhf cut shares of Basf from an outperform rating to a neutral rating and set a €68.00 ($72.34) price target on the stock. in a research report on Thursday, March 31st. Finally, Morgan Stanley reduced their price target on shares of Basf from €76.00 ($80.85) to €64.00 ($68.09) in a research report on Thursday, March 31st. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Basf presently has a consensus rating of Hold and an average target price of $61.64.
Basf (OTCMKTS:BASFY – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The basic materials company reported $0.33 earnings per share for the quarter. The business had revenue of $22.62 billion during the quarter. Basf had a net margin of 6.14% and a return on equity of 16.54%. As a group, equities analysts expect that Basf will post 1.43 earnings per share for the current fiscal year.
The company also recently announced a dividend, which was paid on Monday, May 16th. Stockholders of record on Tuesday, May 3rd were paid a $0.6673 dividend. The ex-dividend date was Monday, May 2nd. This represents a dividend yield of 4.91%. Basf’s dividend payout ratio is presently 40.00%.
About Basf (Get Rating)
BASF SE operates as a chemical company worldwide. The company 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
- Get a free copy of the StockNews.com research report on Basf (BASFY)
- Short-Covering Begins In Big Lots
- Institutions Ring The Register On Toll Brothers Stock
- Agilent Technologies Is Bottoming But Don’t Buy It Yet
- Dick’s Sporting Goods Falls Flat On Weak Guidance
- Indie Semiconductor Stock is Putting in a Bottom
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.