Basf Se (OTCMKTS:BASFY) Receives Average Recommendation of “Hold” from Analysts

Basf Se (OTCMKTS:BASFY) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company.

A number of research firms have weighed in on BASFY. Morgan Stanley upgraded shares of Basf from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 24th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Citigroup initiated coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a report on Wednesday, September 24th. Finally, Berenberg Bank cut Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th.

Basf Stock Down 0.4%

BASFY opened at $12.52 on Friday. Basf has a fifty-two week low of $10.57 and a fifty-two week high of $14.76. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.75 and a quick ratio of 1.00. The firm’s fifty day moving average price is $12.82 and its two-hundred day moving average price is $12.55. The company has a market capitalization of $44.70 billion, a P/E ratio of 96.32 and a beta of 1.07.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Basf had a return on equity of 7.25% and a net margin of 0.59%.The business had revenue of $18.10 billion for the quarter, compared to analyst estimates of $15.62 billion. On average, analysts anticipate that Basf will post 0.83 EPS for the current year.

About Basf

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.