Basf (OTCMKTS:BASFY) Receives New Coverage from Analysts at JPMorgan Chase & Co.

Analysts at JPMorgan Chase & Co. initiated coverage on shares of Basf (OTCMKTS:BASFY) in a research note issued on Friday, StockNewsAPI reports. The firm set a “neutral” rating on the basic materials company’s stock.

Other analysts also recently issued reports about the company. Citigroup upgraded Basf to a “hold” rating in a research note on Wednesday. Berenberg Bank raised shares of Basf to a “strong-buy” rating in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Basf has an average rating of “Hold”.

Basf Stock Performance

BASFY traded down $0.01 during trading hours on Friday, reaching $12.91. The company’s stock had a trading volume of 89,126 shares, compared to its average volume of 144,706. The company’s 50-day moving average is $12.28 and its 200-day moving average is $12.70. Basf has a 52 week low of $10.66 and a 52 week high of $14.89. The firm has a market cap of $46.74 billion, a PE ratio of -1,289.41, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09.

Basf (OTCMKTS:BASFY) last posted its earnings results on Friday, July 26th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The company had revenue of $17.34 billion during the quarter. On average, equities analysts forecast that Basf will post 0.95 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.