Basf (BASFY) Projected to Post Earnings on Friday

Basf (OTCMKTS:BASFY) is expected to be issuing its results before the market opens on Friday, February 27th. Analysts expect the company to announce earnings of $0.30 per share and revenue of $14.3181 billion for the quarter.

Basf Stock Down 0.3%

Shares of BASFY opened at $14.41 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The business’s fifty day moving average price is $13.63 and its two-hundred day moving average price is $13.09. Basf has a 52 week low of $10.75 and a 52 week high of $15.60.

Analyst Upgrades and Downgrades

BASFY has been the topic of several recent research reports. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research lowered shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. DZ Bank downgraded shares of Basf from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Finally, Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, Basf has an average rating of “Reduce”.

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.