Basf Se (OTCMKTS:BASFY) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• BASF SE has received a consensus recommendation of "Hold" from analysts, with ratings varying from 1 sell, 3 holds, to 4 buys.
• Morgan Stanley recently upgraded BASF from an "equal weight" rating to an "overweight" rating, indicating increased confidence in the stock.
• For the latest quarter, BASF reported $0.14 earnings per share, missing expectations of $0.20, despite revenue of $18.10 billion, exceeding estimates.

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company.

Separately, Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a report on Thursday, July 24th.

Basf Trading Up 1.7%

OTCMKTS BASFY traded up $0.23 on Tuesday, hitting $13.62. The company's stock had a trading volume of 15,529 shares, compared to its average volume of 193,022. The firm has a market cap of $48.62 billion, a P/E ratio of 104.78, a PEG ratio of 15.93 and a beta of 1.09. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.51. The company's 50-day simple moving average is $12.50 and its 200 day simple moving average is $12.54. Basf has a 52-week low of $10.57 and a 52-week high of $14.76.

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