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. “
Several other brokerages also recently commented on BASFY. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Goldman Sachs Group raised DUFRY AG/ADR to a “hold” rating in a research note on Friday, July 5th. HSBC set a €6.90 ($8.02) price objective on Deutsche Bank and gave the company a “neutral” rating in a research note on Tuesday. Societe Generale reaffirmed a “hold” rating on shares of Basf in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. started coverage on Pinduoduo in a research note on Tuesday. They issued an “underweight” rating and a $20.48 price objective for the company. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold”.
Basf (OTCMKTS:BASFY) last issued its earnings results on Friday, May 3rd. The basic materials company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The firm had revenue of $18.37 billion during the quarter. Basf had a return on equity of 14.01% and a net margin of 6.94%. On average, equities analysts predict that Basf will post 1.56 earnings per share for the current year.
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.
Further Reading: What is Considered a Good Return on Equity (ROE)?
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