Basf (BASFY) Stock Rating Lowered by JPMorgan Chase & Co.
Basf (OTCMKTS:BASFY) was downgraded by equities researchers at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a research report issued on Monday, The Fly reports.
Several other brokerages also recently weighed in on BASFY. Zacks Investment Research downgraded Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research note on Thursday, December 7th. Berenberg Bank raised Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. ValuEngine downgraded Basf from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Finally, Goldman Sachs Group raised Basf from a “sell” rating to a “neutral” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Basf has an average rating of “Hold” and an average price target of $31.00.
Basf (BASFY) opened at $28.69 on Monday. Basf has a twelve month low of $22.98 and a twelve month high of $28.69. The stock has a market capitalization of $105,407.06, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.99 and a quick ratio of 1.29.
Basf Company Profile
BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.
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