Basf Se (OTCMKTS:BASFY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities analysts recently weighed in on BASFY shares. Citigroup reissued a “buy” rating on shares of Basf in a report on Wednesday, February 25th. Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a report on Tuesday, February 17th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Barclays downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Tuesday.

Basf Stock Performance

Shares of Basf stock opened at $14.94 on Wednesday. The business’s fifty day simple moving average is $14.05 and its 200 day simple moving average is $13.17. The company has a current ratio of 1.93, a quick ratio of 1.01 and a debt-to-equity ratio of 0.54. Basf has a 12 month low of $10.75 and a 12 month high of $15.60. The firm has a market capitalization of $53.34 billion, a P/E ratio of 29.29, a price-to-earnings-growth ratio of 1.52 and a beta of 0.81.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data 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). Basf had a net margin of 2.59% and a return on equity of 4.37%. The business had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $14.32 billion. As a group, analysts anticipate that Basf will post 0.83 EPS 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.