Basf (OTCMKTS:BASFY – Get Free Report) was downgraded by stock analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Monday, Briefing.com reports.
Several other research analysts also recently commented on BASFY. Berenberg Bank upgraded Basf to a “strong-buy” rating in a report on Friday, June 28th. JPMorgan Chase & Co. initiated coverage on Basf in a research note on Friday. They issued a “neutral” rating for the company. Finally, Citigroup raised Basf to a “hold” rating in a research note on Wednesday, October 9th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.
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Basf Price Performance
Basf (OTCMKTS:BASFY – Get Free Report) last posted its quarterly earnings data on Friday, July 26th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter. The company had revenue of $17.34 billion during the quarter. Basf had a positive return on equity of 6.36% and a negative net margin of 0.04%. On average, research analysts expect that Basf will post 0.95 EPS for the current fiscal 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.
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