Deutsche Bank Aktiengesellschaft Upgrades Basf (OTCMKTS:BASFY) to Buy

Basf (OTCMKTS:BASFY) was upgraded by stock analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other analysts have also recently issued reports on the company. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. DZ Bank raised Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Citigroup reiterated a “buy” rating on shares of Basf in a report on Wednesday, February 25th. Finally, Santander lowered Basf to a “neutral” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Basf currently has a consensus rating of “Hold”.

Basf Stock Up 3.6%

BASFY stock opened at $13.73 on Tuesday. The business has a fifty day moving average price of $13.94 and a 200-day moving average price of $13.12. Basf has a 1-year low of $10.75 and a 1-year high of $15.60. The stock has a market capitalization of $49.02 billion, a P/E ratio of 26.92, a P/E/G ratio of 1.38 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.42). The business had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. Equities analysts forecast 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.