BNP Paribas reaffirmed their underperform rating on shares of Basf (OTCMKTS:BASFY – Free Report) in a report released on Monday, MarketBeat.com reports.
Separately, Redburn Atlantic raised Basf from a neutral rating to a buy rating in a research note on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold.
Get Our Latest Analysis on BASFY
Basf Trading Down 0.6 %
Basf (OTCMKTS:BASFY – Get Free Report) last issued its quarterly earnings data on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share for the quarter. Basf had a return on equity of 6.25% and a net margin of 0.32%. The company had revenue of $17.09 billion for the quarter. As a group, research analysts expect that Basf will post 0.85 EPS for the current year.
Basf Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, April 29th will be given a dividend of $0.6594 per share. The ex-dividend date is Friday, April 26th. This is a positive change from Basf’s previous dividend of $0.64. Basf’s payout ratio is 1,116.67%.
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.
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