Basf Se (OTCMKTS:BASFY) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company.

Several brokerages recently weighed in on BASFY. JPMorgan Chase & Co. downgraded shares of Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th. Berenberg Bank cut Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Basf in a research report on Friday, March 7th.

Basf Stock Performance

Basf stock opened at $11.99 on Friday. The stock’s 50 day moving average is $12.75 and its 200 day moving average is $12.08. The company has a market capitalization of $42.81 billion, a P/E ratio of 74.94, a PEG ratio of 2.30 and a beta of 1.11. Basf has a twelve month low of $10.57 and a twelve month high of $14.76. The company has a quick ratio of 1.03, a current ratio of 1.87 and a debt-to-equity ratio of 0.53.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The firm had revenue of $18.31 billion during the quarter, compared to analyst estimates of $17.34 billion. Basf had a return on equity of 6.63% and a net margin of 0.78%. On average, equities research analysts predict that Basf will post 0.83 earnings per share for the current fiscal year.

Basf Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Wednesday, May 7th will be given a $0.4322 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a yield of 3.38%. Basf’s payout ratio is 186.96%.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.