JPMorgan Chase & Co. lowered shares of Basf (OTCMKTS:BASFY) from an overweight rating to a neutral rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other research analysts have also weighed in on BASFY. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Societe Generale reaffirmed a hold rating on shares of Basf in a research report on Friday, April 5th. Goldman Sachs Group raised DUFRY AG/ADR to a hold rating in a research report on Friday, July 5th. Finally, Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Basf presently has an average rating of Hold.

BASFY stock opened at $16.81 on Tuesday. Basf has a twelve month low of $16.30 and a twelve month high of $24.75. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. The company has a market cap of $62.14 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.37 and a beta of 1.17. The company’s 50 day moving average is $17.29.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Friday, May 3rd. The basic materials company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.09. Basf had a return on equity of 14.01% and a net margin of 6.94%. The company had revenue of $18.37 billion during the quarter. On average, equities research analysts predict that Basf will post 1.3 earnings per share for the current 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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Analyst Recommendations for Basf (OTCMKTS:BASFY)

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