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

Basf Se (OTCMKTS:BASFY) has been assigned an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

A number of research firms have recently commented on BASFY. Kepler Capital Markets raised Basf from a “hold” rating to a “buy” rating in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Finally, Citigroup restated a “buy” rating on shares of Basf in a report on Friday, April 24th.

Basf Price Performance

BASFY opened at $14.72 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56. Basf has a 12 month low of $11.93 and a 12 month high of $16.25. The company has a fifty day simple moving average of $14.04 and a 200 day simple moving average of $14.42. The stock has a market cap of $52.55 billion, a P/E ratio of 7.59, a P/E/G ratio of 1.12 and a beta of 0.73.

Basf (OTCMKTS:BASFY) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The firm had revenue of $19.99 billion for the quarter, compared to analyst estimates of $18.85 billion. On average, research analysts expect that Basf will post 0.86 EPS for the current 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.