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BASF has been downgraded by JPMorgan Chase & Co. from a "neutral" to an "underweight" rating, following a similar downgrade by Berenberg Bank. Despite this, Deutsche Bank maintains a "buy" rating, resulting in a consensus "Hold" rating among analysts. The company reported a quarterly EPS of $0.16, exceeding expectations, with revenue of $16.92 billion.
Analysts have made several adjustments to their recommendations for various companies. Notable changes include Deutsche Bank lowering Air France-KLM's sell recommendation to EUR 8.50 and JPMorgan downgrading Arkema and BASF to Underweight with targets of EUR 68.50 and EUR 45, respectively. Meanwhile, Genfit received a Buy rating from Van Lanschot Kempen, targeting EUR 9, and Nexity was initiated with a Buy coverage by CIC, targeting EUR 12.
UBS has maintained a 'Neutral' rating for BASF, setting a target price of 47 euros following the fourth quarter results. Analyst Geoff Haire noted that the 2025 EBITDA outlook is slightly below expectations, with free cash flow projections also lower than consensus. BASF, the world's largest chemical company, has diverse sales across various product families and regions.
BASF SE is projected to report a decline in sales for 2024, expected at EUR 65.3 billion, down from EUR 68.9 billion in 2023. While EBITDA is anticipated to slightly exceed analyst estimates at EUR 7.9 billion, EBIT is forecasted at EUR 2.0 billion, significantly below the consensus of EUR 3.2 billion due to non-cash impairments and restructuring costs. The company's full financial results will be released on February 28, 2025.
UBS has rated BASF SE as 'Neutral', indicating a cautious stance on the stock. The information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investors are reminded of the risks involved in purchasing securities, which may lead to total capital loss.
UBS has maintained a 'Neutral' rating for BASF with a target price of 47 euros, citing increased uncertainty in the chemicals sector for 2025. Meanwhile, Berenberg rates BASF as 'Buy' with a target of 50 euros, noting high energy costs may hinder a positive outlook. BASF shares have experienced a downward trend, with a 2.42% drop to 41.61 euros at the start of 2025, continuing a challenging year marked by significant losses.
BASF shares have shown strong momentum, rising 3.4% to €45.47 following an upgrade from Warburg Research, which raised its target price to €52.60. UBS maintains a "Neutral" rating with a target of €47, highlighting the company's potential benefits from lower gas prices and a recovering Chinese market. Despite recent gains, the stock remains about 20% below its 52-week high of €54.93.
UBS has maintained a "Neutral" rating for Yara International, setting a target price of 350 Norwegian kroner. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices and benefiting companies like Yara, BASF, Covestro, and Lanxess.
BASF SE, the world's leading chemicals company, reports its sales breakdown by product family: functional products (44.1%), high-performance materials (21.6%), chemicals (15%), agrochemicals (14.6%), and others (4.7%). Geographically, sales are distributed as follows: Germany (9.9%), Europe (27.9%), North America (27.3%), Asia-Pacific (25.4%), and South America-Africa-Middle East (9.5%).
UBS has maintained a "Neutral" rating for BASF, setting a target price of 47 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could significantly lower gas prices, benefiting BASF and other companies in the European chemical sector.
BASF SE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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