Basf (OTCMKTS:BASFY) Research Coverage Started at JPMorgan Chase & Co.

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

A number of other equities research analysts have also issued reports on the company. Berenberg Bank raised Basf to a strong-buy rating in a research note on Friday, June 28th. Citigroup upgraded Basf to a hold rating in a research report on Wednesday, October 9th. Three 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 stock. According to data from MarketBeat.com, the company has an average rating of Hold.

Basf Trading Down 1.6 %

Shares of BASFY opened at $12.67 on Friday. The stock has a market capitalization of $45.84 billion, a PE ratio of 1,267.00, a P/E/G ratio of 1.19 and a beta of 1.22. The company’s fifty day moving average is $12.34 and its 200 day moving average is $12.65. 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 has a fifty-two week low of $10.66 and a fifty-two week high of $14.89.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Friday, July 26th. The basic materials company reported $0.25 earnings per share for the quarter. Basf had a positive return on equity of 6.36% and a negative net margin of 0.04%. The company had revenue of $17.34 billion for the quarter. Sell-side analysts expect that Basf will post 0.95 earnings per share 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.