Basf (OTCMKTS:BASFY) Raised to Strong-Buy at DZ Bank

Basf (OTCMKTS:BASFY) was upgraded by analysts at DZ Bank from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

BASFY has been the subject of several other research reports. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Zacks Research lowered Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. Citigroup reaffirmed a “buy” rating on shares of Basf in a research report on Wednesday, February 25th. Santander lowered Basf to a “neutral” rating in a research note on Wednesday, February 18th. Finally, Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Basf Price Performance

OTCMKTS BASFY opened at $13.30 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Basf has a 52 week low of $10.75 and a 52 week high of $15.60. The company has a fifty day moving average of $13.76 and a two-hundred day moving average of $13.12.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42). The firm had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. As a group, equities analysts predict that Basf will post 0.83 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.