Basf (OTCMKTS:BASFY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• BASF shares experienced an unusually-high trading volume increase of 174%, with approximately 480,568 shares traded, raising the stock price from $12.46 to $12.61.
• The company received several analyst rating updates, including upgrades to "overweight" from Morgan Stanley and a "buy" rating from Citigroup, while Berenberg Bank downgraded it to "sell."
• BASF reported $0.14 EPS, missing estimates, but exceeded revenue expectations with $18.10 billion during the quarter.

Basf Se (OTCMKTS:BASFY - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 480,568 shares changed hands during trading, an increase of 174% from the previous session's volume of 175,570 shares.The stock last traded at $12.61 and had previously closed at $12.46.

Analysts Set New Price Targets

BASFY has been the topic of several recent research reports. Morgan Stanley upgraded Basf from an "equal weight" rating to an "overweight" rating in a report on Thursday, July 24th. Zacks Research upgraded Basf from a "strong sell" rating to a "hold" rating in a report on Friday, October 10th. Citigroup assumed coverage on Basf in a report on Wednesday, October 15th. They set a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Basf in a research report on Wednesday, September 24th. Finally, Berenberg Bank lowered shares of Basf from a "hold" rating to a "sell" rating in a research report on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Basf Trading Up 1.4%

The company has a market cap of $45.10 billion, a PE ratio of 97.18 and a beta of 1.07. The company has a quick ratio of 1.07, a current ratio of 1.83 and a debt-to-equity ratio of 0.51. The business has a 50-day simple moving average of $12.90 and a 200-day simple moving average of $12.50.

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

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