Basf (OTCMKTS:BASFY) Reaches New 1-Year High - Here's Why

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)'s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $18.39 and last traded at $13.39, with a volume of 75328 shares. The stock had previously closed at $13.38.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Basf Price Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.07 and a current ratio of 1.83. The stock has a market capitalization of $47.80 billion, a PE ratio of 103.01, a price-to-earnings-growth ratio of 15.63 and a beta of 1.09. The business's 50-day moving average price is $12.47 and its 200 day moving average price is $12.53.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its quarterly earnings data 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 return on equity of 7.17% and a net margin of 0.59%. The business had revenue of $18.10 billion for the quarter, compared to analysts' expectations of $15.62 billion. Research analysts forecast that Basf Se will post 0.83 earnings per share 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.

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