Basf Se Downgraded to Underperform at Credit Suisse (BASFY)
Basf Se (NASDAQ:BASFY) was downgraded by investment analysts at Credit Suisse from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Goldman Sachs upgraded shares of Basf Se from a “sell” rating to a “neutral” rating in a research note on Friday, August 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Basf Se presently has an average rating of “Hold”.
Shares of Basf Se (NASDAQ:BASFY) opened at 104.19 on Thursday. Basf Se has a one year low of $87.01 and a one year high of $119.71. The stock’s 50-day moving average is $104.6 and its 200-day moving average is $110.7. The company has a market cap of $95.696 billion and a price-to-earnings ratio of 14.31.
Basf Se (NASDAQ:BASFY) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.08 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.30 by $0.22. Analysts expect that Basf Se will post $7.64 EPS for the current fiscal year.
BASF SE is a Germany-based chemical company. It diversifies its activities into six business segments: Chemicals, providing basic products and specialties including nitric acid and methanol, basic chemicals including ethylene and butadiene and intermediates, among others; Plastics, providing engineering plastics, polyamides and polyurethane solutions, among others; Performance Products, providing products for the coatings and paints industry, cosmetics, detergents and cleaners industry, vitamins and enzymes, products for the paper industry and performance chemicals, among others; Functional Solutions, which develops coating products, catalysts and concrete admixtures, among others; Agricultural Solutions, providing active ingredients and formulations for the improvement of crop health and yields, and Oil & Gas business segment, which is bundled in the Wintershall Group, is engaged in the exploration and production of crude oil and natural gas and trading.
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