Basf (OTCMKTS:BASFY) Upgraded to “Strong-Buy” at DZ Bank

Basf (OTCMKTS:BASFY) was upgraded by DZ Bank from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Santander cut shares of Basf to a “neutral” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of Basf in a research report on Wednesday, February 25th. Zacks Research cut Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Finally, Barclays downgraded Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Basf Price Performance

Shares of BASFY stock opened at $13.30 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The stock has a 50 day simple moving average of $13.76 and a 200-day simple moving average of $13.12. Basf has a 12-month low of $10.75 and a 12-month high of $15.60.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share 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 analysts’ expectations of $14.32 billion. Basf had a net margin of 2.59% and a return on equity of 4.37%. Equities research analysts expect that Basf will post 0.83 earnings per share 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.