Basf Se (OTCMKTS:BASFY) Receives Average Rating of “Hold” from Brokerages

Shares of Basf Se (OTCMKTS:BASFY) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company.

A number of equities research analysts have issued reports on the stock. Barclays lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Santander cut Basf to a “neutral” rating in a research note on Wednesday, February 18th. DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th.

Basf Price Performance

Shares of Basf stock opened at $13.47 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The business has a 50-day moving average of $13.78 and a 200 day 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 issued its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42). Basf had a return on equity of 4.37% and a net margin of 2.59%.The business had revenue of $16.56 billion for the quarter, compared to analyst estimates of $14.32 billion. Equities analysts anticipate that Basf will post 0.83 earnings per share for the current fiscal 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.