Basf (OTCMKTS:BASFY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Basf (OTCMKTS:BASFYGet Rating) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning, Zacks.com reports.

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. “

A number of other equities analysts have also commented on the stock. Oddo Bhf lowered shares of Basf from an outperform rating to a neutral rating and set a €68.00 ($72.34) price target on the stock. in a report on Thursday, March 31st. Stifel Nicolaus lowered shares of Basf from a buy rating to a hold rating in a report on Wednesday, April 13th. JPMorgan Chase & Co. cut their price target on shares of Basf from €80.00 ($85.11) to €76.50 ($81.38) and set an overweight rating on the stock in a report on Tuesday, March 1st. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a buy rating to a hold rating in a report on Tuesday, March 8th. Finally, Morgan Stanley lowered their target price on shares of Basf from €76.00 ($80.85) to €64.00 ($68.09) in a research note on Thursday, March 31st. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $61.64.

Shares of Basf stock opened at $13.61 on Monday. Basf has a fifty-two week low of $12.32 and a fifty-two week high of $21.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.75 and a quick ratio of 1.05. The firm has a market capitalization of $49.98 billion, a P/E ratio of 8.50, a P/E/G ratio of 0.57 and a beta of 1.18. The company’s 50 day moving average price is $13.71 and its two-hundred day moving average price is $16.24.

Basf (OTCMKTS:BASFYGet Rating) last issued its earnings results on Friday, February 25th. The basic materials company reported $0.33 earnings per share for the quarter. The firm had revenue of $22.62 billion for the quarter. Basf had a net margin of 6.14% and a return on equity of 16.54%. On average, analysts expect that Basf will post 1.43 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Monday, May 16th. Shareholders of record on Tuesday, May 3rd were paid a $0.6673 dividend. This represents a yield of 4.91%. The ex-dividend date of this dividend was Monday, May 2nd. Basf’s dividend payout ratio (DPR) is currently 40.00%.

Basf Company Profile (Get Rating)

BASF SE operates as a chemical company worldwide. The company 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

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Analyst Recommendations for Basf (OTCMKTS:BASFY)

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