BASF SE ● The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at EUR 57.05 EUR in weekly data.
● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 58.4 support.
● The company returns high margins, thereby supporting business profitability.
● The group usually releases upbeat results with huge surprise rates.
● The company's attractive earnings multiples are brought to light by a P/E ratio at 10.82 for the current year.
● This company will be of major interest to investors in search of a high dividend stock.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
● According to Thomson-Reuters' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company's sales previsions for the coming years have been revised downwards, which foreshadows another slowdown in business.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
● For the past seven days, analysts have been lowering their EPS expectations for the company.
● For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
● Below the resistance at 76.94 EUR, the stock shows a negative configuration when looking looking at the weekly chart.
