Basf Se (OTCMKTS:BASFY) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company.

Several equities analysts recently issued reports on BASFY shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Basf in a research note on Friday, March 7th. Berenberg Bank cut Basf from a "buy" rating to a "hold" rating in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered Basf from a "neutral" rating to an "underweight" rating in a research report on Thursday, March 27th.

Basf Trading Down 0.6%

Basf stock traded down $0.07 during mid-day trading on Thursday, hitting $12.01. The company's stock had a trading volume of 64,051 shares, compared to its average volume of 227,695. Basf has a 1 year low of $10.57 and a 1 year high of $14.76. The stock's fifty day moving average is $12.18 and its two-hundred day moving average is $12.08. The firm has a market capitalization of $42.87 billion, a PE ratio of 75.05, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. The company has a current ratio of 1.87, a quick ratio of 1.03 and a debt-to-equity ratio of 0.53.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.03. Basf had a net margin of 0.78% and a return on equity of 6.63%. The business had revenue of $18.31 billion during the quarter, compared to analysts' expectations of $17.34 billion. On average, analysts anticipate that Basf will post 0.83 EPS for the current year.

Basf Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 19th. Shareholders of record on Wednesday, May 7th were issued a dividend of $0.4322 per share. The ex-dividend date was Tuesday, May 6th. This represents a yield of 3.38%. Basf's payout ratio is currently 191.30%.

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.