Basf (OTCMKTS:BASFY) Rating Lowered to Neutral at JPMorgan Chase & Co.

Basf (OTCMKTS:BASFY) was downgraded by JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other research analysts have also issued reports on the stock. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Goldman Sachs Group raised shares of DUFRY AG/ADR to a “hold” rating in a research note on Friday, July 5th. Societe Generale reaffirmed a “hold” rating on shares of Basf in a research note on Friday, April 5th. Finally, Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The stock presently has an average rating of “Hold”.

OTCMKTS:BASFY traded down $0.18 during mid-day trading on Tuesday, reaching $16.74. 165,730 shares of the company were exchanged, compared to its average volume of 316,198. Basf has a 12 month low of $16.30 and a 12 month high of $24.75. The firm’s fifty day moving average is $17.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.35 and a current ratio of 1.84. The stock has a market capitalization of $61.56 billion, a PE ratio of 9.67, a PEG ratio of 1.18 and a beta of 1.17.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Friday, May 3rd. The basic materials company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.09. Basf had a net margin of 6.94% and a return on equity of 14.01%. The firm had revenue of $18.37 billion for the quarter. On average, equities research analysts predict that Basf will post 1.56 EPS for the current fiscal 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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