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

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.

Basf Se (OTCMKTS:BASFY - Get Free Report) has received a consensus rating of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat Ratings 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 research note on Thursday, July 24th.

Basf Stock Up 0.9%

Shares of BASFY traded up $0.12 during midday trading on Tuesday, hitting $13.13. The stock had a trading volume of 94,733 shares, compared to its average volume of 127,827. The company has a 50 day simple moving average of $12.44 and a two-hundred day simple moving average of $12.52. Basf has a twelve month low of $10.57 and a twelve month high of $14.76. The firm has a market cap of $46.88 billion, a price-to-earnings ratio of 101.01, a price-to-earnings-growth ratio of 15.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07.

Basf (OTCMKTS:BASFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share (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. On average, analysts anticipate that Basf will post 0.83 EPS 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.