Basf Se (OTCMKTS:BASFY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Basf Se (OTCMKTS:BASFY) has earned an average recommendation of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company.

Several brokerages have commented on BASFY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a report on Tuesday, May 5th. Morgan Stanley restated an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Santander cut shares of Basf to a “neutral” rating in a research report on Wednesday, February 18th. Finally, Barclays downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th.

Basf Price Performance

OTCMKTS BASFY opened at $14.36 on Monday. Basf has a 1 year low of $11.75 and a 1 year high of $16.25. The business’s fifty day moving average is $15.23 and its two-hundred day moving average is $14.18. The stock has a market capitalization of $51.27 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.14 and a beta of 0.72. 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 (OTCMKTS:BASFY) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The company 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%. On average, research analysts forecast that Basf will post 0.85 earnings per share for the current fiscal year.

About Basf

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.