Basf (OTCMKTS:BASFY) Upgraded at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a buy rating in a research note released on Tuesday morning, Marketbeat reports.

Several other equities research analysts have also issued reports on BASFY. Barclays lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Basf in a research report on Wednesday, February 25th. 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 Basf to a “neutral” rating in a research note on Wednesday, February 18th. Finally, DZ Bank raised Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Basf Price Performance

Shares of BASFY stock opened at $14.63 on Tuesday. The business has a fifty day simple moving average of $14.01 and a 200 day simple moving average of $13.15. The company has a market cap of $52.23 billion, a P/E ratio of 28.69, a P/E/G ratio of 1.51 and a beta of 0.81. The company has a quick ratio of 1.01, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. Basf has a twelve month low of $10.75 and a twelve month high of $15.60.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). The business 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 forecast that Basf will post 0.83 EPS 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.