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

Key Points

• Consensus “Hold”: Nine analysts give BASFY an average rating of Hold, with a split of 2 sells, 3 holds, 3 buys and 1 strong buy, reflecting mixed sentiment among brokerages.
• Quarterly results missed on EPS—BASF reported ($0.12) per share versus consensus $0.30 (a $0.42 miss) while revenue beat at $16.56 billion vs. $14.32 billion; the company posted a net margin of 2.59% and ROE of 4.37%, and analysts expect about 0.83 EPS for the year.
• Stock snapshot: BASFY opened at $14.13 (trading up ~2.9%), with a 1‑year range of $10.75–$15.60, a market cap of ~$50.45 billion and a P/E of 27.71.

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) have been assigned an average rating of "Hold" from the nine analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company.

A number of analysts have issued reports on the company. DZ Bank raised Basf from a "hold" rating to a "strong-buy" rating in a research report on Monday, March 2nd. Citigroup restated a "buy" rating on shares of Basf in a research report on Wednesday, February 25th. Barclays cut Basf from a "hold" rating to a "strong sell" rating in a research note on Wednesday, February 18th. Zacks Research raised Basf from a "strong sell" rating to a "hold" rating in a research note on Wednesday, March 18th. Finally, Deutsche Bank Aktiengesellschaft upgraded Basf from a "hold" rating to a "buy" rating in a report on Tuesday.

Basf Trading Up 2.9%

Shares of BASFY stock opened at $14.13 on Wednesday. Basf has a 1-year low of $10.75 and a 1-year high of $15.60. The firm has a market cap of $50.45 billion, a PE ratio of 27.71, a price-to-earnings-growth ratio of 1.43 and a beta of 0.81. The company has a 50-day moving average of $13.96 and a two-hundred day moving average of $13.13. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.93 and a quick ratio of 1.01.

Basf (OTCMKTS:BASFY - Get Free Report) last released its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.30 by ($0.42). Basf had a net margin of 2.59% and a return on equity of 4.37%. The company had revenue of $16.56 billion during the quarter, compared to analysts' expectations of $14.32 billion. On average, analysts predict that Basf will post 0.83 EPS for the current 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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