According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “
BASFY has been the subject of several other research reports. HSBC upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Monday, March 28th. Berenberg Bank decreased their price target on Basf from €72.00 ($76.60) to €62.00 ($65.96) in a research note on Tuesday, March 1st. Morgan Stanley cut their price objective on Basf from €76.00 ($80.85) to €64.00 ($68.09) in a research report on Thursday, March 31st. Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, March 8th. Finally, Oddo Bhf downgraded shares of Basf from an “outperform” rating to a “neutral” rating and set a €68.00 ($72.34) price target on the stock. in a research note on Thursday, March 31st. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.93.
Basf (OTCMKTS:BASFY – Get Rating) last posted its quarterly earnings data on Friday, February 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter. The business had revenue of $22.62 billion during the quarter. Basf had a return on equity of 16.54% and a net margin of 6.14%. Research analysts anticipate that Basf will post 1.43 EPS for the current fiscal year.
Basf Company Profile (Get Rating)
BASF SE operates as a chemical company worldwide. The company 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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