Basf (OTCMKTS:BASFY) Rating Lowered to “Underweight” at JPMorgan Chase & Co.

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

Several other equities analysts have also recently commented on the stock. Berenberg Bank cut shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a report on Friday, March 7th. Two investment 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 MarketBeat.com, the company currently has a consensus rating of “Hold”.

Basf Price Performance

Shares of BASFY opened at $12.81 on Thursday. The stock has a market cap of $45.73 billion, a PE ratio of 80.07, a P/E/G ratio of 2.30 and a beta of 1.16. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. Basf has a 1-year low of $10.57 and a 1-year high of $14.89. The firm has a 50-day simple moving average of $12.96 and a two-hundred day simple moving average of $12.21.

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