BASF SE (BASFY) is set to expand Basoflux production capacity in Tarragona despite a drop in the Q1 earnings. Its stock has passed above the 200-day moving average of $47.02, with analysts maintaining an underperform rating and setting a €43 price target. Meanwhile, BASF India's chemical maker profit has considerably jumped, driving shares to reach record highs. With increased short interest in BASF SE (OTCMKTS:BASFY) by 137.5%, investors are advised to be prepared for a potential share price correction caused by weak financials. Although the intrinsic calculation for BASF SE (ETR:BAS) suggests that the stock is undervalued by around 26%, the price has been seen to decline by 4% in the past week. Despite Q1 earnings beating the expectations, revenues have lagged, resulting in the consideration of potential job cuts at a battery materials plant. Recent reports also indicate that BASF SE's popularity among investors remains clear, yet prospects may look bleak due to missed EPS forecasts. The report ends with a note stating that BASF SE (BASFY) stock is cheap for a reason, with disappointing results.
BASF Stocks News Analytics from Tue, 27 Jun 2017 07:00:00 GMT to Thu, 16 May 2024 01:45:17 GMT -
Rating -2
- Innovation 0
- Information 8
- Rumor -6
