Basf Se (OTCMKTS:BASFY) Receives Average Rating of “Hold” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have earned a consensus recommendation of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company.

Several research analysts have issued reports on BASFY shares. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a report on Tuesday, February 17th. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup reiterated a “buy” rating on shares of Basf in a report on Friday, April 24th. Finally, Kepler Capital Markets reiterated a “hold” rating on shares of Basf in a report on Tuesday, March 31st.

Basf Stock Down 1.5%

Shares of OTCMKTS:BASFY opened at $14.94 on Thursday. The business’s 50 day simple moving average is $15.05 and its two-hundred day simple moving average is $13.91. The firm has a market cap of $53.34 billion, a P/E ratio of 25.76, a PEG ratio of 1.27 and a beta of 0.75. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. Basf has a 52-week low of $11.66 and a 52-week high of $16.25.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.08. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.44 billion. Basf had a return on equity of 3.90% and a net margin of 2.91%. As a group, research analysts forecast that Basf will post 0.81 EPS for the current fiscal year.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.