Basf (OTCMKTS:BASFY) Reaches New 52-Week High - Still a Buy?

Key Points

• BASF's stock price reached a new 52-week high of $18.39 during trading, while the last traded price was $13.39.
• Morgan Stanley upgraded BASF from an "equal weight" to an "overweight" rating, with a current consensus rating of "Hold" from various analysts.
• The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20, but its revenue of $18.10 billion surpassed analysts' expectations of $15.62 billion.

Basf Se (OTCMKTS:BASFY - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as $18.39 and last traded at $13.39, with a volume of 75328 shares traded. The stock had previously closed at $13.38.

Analyst Ratings Changes

Separately, Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a research report on Thursday, July 24th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Basf has a consensus rating of "Hold".

Basf Stock Up 2.1%

The firm has a 50-day moving average price of $12.59 and a 200 day moving average price of $12.57. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07. The company has a market cap of $49.23 billion, a price-to-earnings ratio of 106.09, a P/E/G ratio of 16.07 and a beta of 1.09.

Basf (OTCMKTS:BASFY - Get Free Report) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.06). Basf had a net margin of 0.59% and a return on equity of 7.17%. The firm had revenue of $18.10 billion during the quarter, compared to analyst estimates of $15.62 billion. Sell-side analysts predict that Basf Se will post 0.83 EPS for the current year.

Basf Company Profile

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.