Basf Se (OTCMKTS:BASFY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company.

Several brokerages recently weighed in on BASFY. Citigroup restated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a report on Tuesday, May 12th. Finally, Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a report on Tuesday, February 17th.

Basf Price Performance

Shares of BASFY stock opened at $14.36 on Monday. The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. Basf has a twelve month low of $11.75 and a twelve month high of $16.25. The company has a market cap of $51.27 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.13 and a beta of 0.72. The business has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $14.17.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a return on equity of 3.90% and a net margin of 2.91%.The business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.44 billion. On average, sell-side analysts forecast that Basf will post 0.85 EPS for the current fiscal 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.