Basf (OTCMKTS:BASFY) Upgraded at Kepler Capital Markets

Basf (OTCMKTS:BASFY) was upgraded by investment analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a research report issued on Thursday.

A number of other analysts have also recently commented on BASFY. Berenberg Bank raised shares of Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Citigroup reissued a “buy” rating on shares of Basf in a research note on Friday, April 24th. Finally, Santander cut shares of Basf to a “neutral” rating in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Basf Stock Down 1.8%

BASFY opened at $13.80 on Thursday. Basf has a fifty-two week low of $11.75 and a fifty-two week high of $16.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. The company has a fifty day moving average of $15.26 and a two-hundred day moving average of $14.15. The stock has a market capitalization of $49.27 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 1.12 and a beta of 0.72.

Basf (OTCMKTS:BASFY) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $18.74 billion during the quarter, compared to analysts’ expectations of $18.44 billion. Basf had a net margin of 2.91% and a return on equity of 3.90%. On average, research analysts expect that Basf will post 0.85 earnings per share for the current year.

Basf Company Profile

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.