Basf Se (OTCMKTS:BASFY) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Basf Se (OTCMKTS:BASFY) has been assigned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company.

BASFY has been the subject of a number of research reports. Citigroup restated a “buy” rating on shares of Basf in a research note on Friday, April 24th. Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th.

Basf Stock Up 1.7%

BASFY stock opened at $14.82 on Tuesday. Basf has a 1-year low of $11.93 and a 1-year high of $16.25. The business’s 50 day simple moving average is $14.06 and its 200 day simple moving average is $14.39. The company has a current ratio of 1.91, a quick ratio of 1.26 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $52.91 billion, a PE ratio of 7.64, a PEG ratio of 1.12 and a beta of 0.74.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Basf had a net margin of 9.40% and a return on equity of 5.78%. The firm had revenue of $19.99 billion during the quarter, compared to analysts’ expectations of $18.85 billion. As a group, research analysts anticipate that Basf will post 0.86 EPS for the current 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.