Basf (OTCMKTS:BASFY) Downgraded to Underweight Rating by JPMorgan Chase & Co.

Basf (OTCMKTS:BASFY) was downgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued to investors on Thursday,Briefing.com Automated Import reports.

BASFY has been the subject of several other reports. Berenberg Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research note on Friday, March 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Basf presently has a consensus rating of “Hold”.

Basf Stock Performance

Shares of BASFY opened at $13.27 on Thursday. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53. The firm has a fifty day simple moving average of $12.90 and a 200 day simple moving average of $12.20. The stock has a market capitalization of $47.38 billion, a price-to-earnings ratio of 82.94, a PEG ratio of 2.30 and a beta of 1.16. Basf has a 12 month low of $10.57 and a 12 month high of $14.89.

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