Basf (OTCMKTS:BASFY) Shares Gap Down – What’s Next?

Basf Se (OTCMKTS:BASFY) gapped down prior to trading on Wednesday . The stock had previously closed at $14.04, but opened at $13.46. Basf shares last traded at $13.57, with a volume of 10,570 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BASFY. Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Citigroup reaffirmed a “buy” rating on shares of Basf in a report on Friday, April 24th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Basf Trading Up 0.9%

The company has a market cap of $49.23 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.11 and a beta of 0.74. 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 business’s 50 day moving average price is $14.35 and its 200-day moving average price is $14.32.

Basf (OTCMKTS:BASFY) last issued its earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.08. The business had revenue of $18.74 billion for the quarter, compared to analyst estimates of $18.44 billion. Basf had a net margin of 2.91% and a return on equity of 3.90%. On average, research analysts forecast that Basf Se will post 0.82 EPS 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.