Basf (OTCMKTS:BASFY) Hits New 52-Week High – Should You Buy?

Basf Se (OTCMKTS:BASFY) hit a new 52-week high during trading on Thursday . The stock traded as high as $15.62 and last traded at $15.5999, with a volume of 82081 shares. The stock had previously closed at $15.27.

Analyst Ratings Changes

Several brokerages have recently commented on BASFY. Deutsche Bank Aktiengesellschaft upgraded Basf from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th. Citigroup reiterated a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Finally, Kepler Capital Markets restated a “hold” rating on shares of Basf in a research note on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Basf Price Performance

The company has a 50 day moving average of $14.39 and a 200-day moving average of $13.33. The firm has a market capitalization of $57.12 billion, a P/E ratio of 31.37, a P/E/G ratio of 1.55 and a beta of 0.76. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54.

Basf (OTCMKTS:BASFY) last released its quarterly 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 net margin of 2.59% and a return on equity of 4.37%. On average, sell-side analysts predict that Basf Se will post 0.83 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.