Basf Se (OTCMKTS:BASFY) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• BASF received an average “Moderate Buy” rating from nine brokerages: four issued buy ratings, one strong buy, three holds and one sell.
• Several firms maintained or upgraded positive views, including Deutsche Bank, Citigroup, Kepler Capital Markets and Morgan Stanley.
• BASF reported quarterly EPS of $0.37, beating the $0.24 consensus estimate, while revenue of $19.99 billion exceeded expectations of $18.85 billion. Shares opened at $15.09, up 0.6%.

Basf Se (OTCMKTS:BASFY - Get Free Report) has earned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company.

Several research firms have weighed in on BASFY. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Basf in a report on Tuesday, May 5th. Citigroup reiterated a "buy" rating on shares of Basf in a research report on Friday, April 24th. Kepler Capital Markets upgraded Basf from a "hold" rating to a "buy" rating in a research report on Thursday, June 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Basf in a research note on Tuesday, May 12th.

Basf Stock Up 0.6%

Basf stock opened at $15.09 on Friday. Basf has a fifty-two week low of $11.93 and a fifty-two week high of $16.25. The firm has a market capitalization of $53.87 billion, a price-to-earnings ratio of 7.78, a price-to-earnings-growth ratio of 1.10 and a beta of 0.73. The stock's fifty day moving average is $14.11 and its two-hundred day moving average is $14.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.26 and a current ratio of 1.91.

Basf (OTCMKTS:BASFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The business had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Analysts predict that Basf will post 0.84 EPS for the current fiscal year.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world's largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF's activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.

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