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

Key Points

• BASF SE has received an average rating of "Hold" from eight research firms, with varying recommendations including two sell ratings, one hold, and five buy ratings.
• The company's shares are currently trading at $12.65, with a market capitalization of $45.16 billion, and a 52-week trading range between $10.57 and $14.76.
• In its latest quarterly earnings report, BASF missed the earnings per share estimate, reporting $0.14 against an expected $0.20, despite exceeding revenue expectations with $18.10 billion in revenue.

Shares of Basf Se (OTCMKTS:BASFY - Get Free Report) have been assigned an average rating of "Hold" from the eight research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company.

BASFY has been the subject of several research analyst reports. Berenberg Bank lowered Basf from a "hold" rating to a "sell" rating in a report on Tuesday, October 14th. Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a research note on Thursday, July 24th. Citigroup initiated coverage on Basf in a research report on Wednesday, October 15th. They issued a "buy" rating on the stock. Zacks Research raised Basf from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Basf in a report on Wednesday, September 24th.

Basf Price Performance

Shares of OTCMKTS:BASFY opened at $12.65 on Friday. 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 has a 1 year low of $10.57 and a 1 year high of $14.76. The firm's 50-day moving average is $12.87 and its two-hundred day moving average is $12.53. The firm has a market capitalization of $45.16 billion, a PE ratio of 97.32 and a beta of 1.07.

Basf (OTCMKTS:BASFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.06). The firm had revenue of $18.10 billion during the quarter, compared to analyst estimates of $15.62 billion. Basf had a net margin of 0.59% and a return on equity of 7.17%. Analysts predict that Basf will post 0.83 EPS for the current 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.

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