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

Shares of Basf Se (OTCMKTS:BASFY) have earned an average rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have issued a buy recommendation on the company.

BASFY has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research note on Friday, March 7th. JPMorgan Chase & Co. lowered Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th. Finally, Berenberg Bank downgraded Basf from a “buy” rating to a “hold” rating in a report on Tuesday, February 18th.

Basf Trading Up 2.1 %

OTCMKTS:BASFY opened at $11.80 on Wednesday. The stock has a fifty day simple moving average of $12.91 and a 200 day simple moving average of $12.15. The company has a quick ratio of 1.03, a current ratio of 1.87 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $42.13 billion, a price-to-earnings ratio of 73.75, a price-to-earnings-growth ratio of 2.30 and a beta of 1.09. Basf has a 1-year low of $10.57 and a 1-year high of $14.76.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, February 28th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.05. The business had revenue of $16.92 billion for the quarter, compared to the consensus estimate of $15.72 billion. Basf had a net margin of 0.78% and a return on equity of 6.63%. Sell-side analysts forecast that Basf will post 0.83 earnings per share for the current year.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.