German chemical company BASF SE is planning to expand its Basoflux production capacity at its Tarragona site, which could impact positively on its stocks. However, the new CEO faces a drop in Q1 earnings, sparking concerns among investors. Major actions such as a significant volume recovery have been reported, which could potentially stabilize BASF's stocks. Additionally, the chemical maker's stocks hit a record high following a stark increase in Q4 profits. BASF continues to maintain its stock rating at Underperform, with a €43 target despite the impressive stock performance and high returns achieved on capital.
However, reports indicate a possible share price correction due to weak financials. There's a growing sentiment that the optimism around new earnings growth may shrink as the stock has declined 4.0% in the past week. Despite enduring a 26% loss from investing in the stock five years ago, BASF continues its push towards sustainability with the unveiling of AdBlue ZeroPCF and the new Aluminum Competence Center in Italy. BASF faces several challenges like a strained balance sheet and concerns over effectively using its capital culminating
BASF Stocks News Analytics from Wed, 22 Mar 2017 07:00:00 GMT to Wed, 15 May 2024 15:01:59 GMT -