Basf (BASFY) Stock Rating Lowered by JPMorgan Chase & Co.
JPMorgan Chase & Co. cut shares of Basf (OTCMKTS:BASFY) from an overweight rating to a neutral rating in a research note published on Monday morning, Marketbeat.com reports.
Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Basf from a hold rating to a buy rating and set a $31.00 price objective on the stock in a report on Tuesday, November 28th. Berenberg Bank upgraded Basf from a hold rating to a buy rating in a report on Wednesday, November 22nd. ValuEngine downgraded Basf from a buy rating to a hold rating in a report on Wednesday, October 18th. UBS Group downgraded Basf from a buy rating to a neutral rating in a report on Thursday, December 7th. Finally, Goldman Sachs Group upgraded Basf from a sell rating to a neutral rating in a report on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Basf has an average rating of Hold and an average price target of $31.00.
Shares of Basf (OTCMKTS BASFY) opened at $27.86 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.99 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $104,400.00, a price-to-earnings ratio of 64.79, a P/E/G ratio of 1.77 and a beta of 1.11. Basf has a 1-year low of $22.98 and a 1-year high of $28.69.
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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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