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

Key Points

• BASF SE has received a consensus recommendation of "Hold" from nine brokerages, with varying ratings: two sell, two hold, and five buy.
• The company's stock opened at $12.46, with a 1-year high of $14.76 and a low of $10.57.
• BASF reported Q2 earnings of $0.14 per share, missing expectations, despite revenue exceeding estimates at $18.10 billion.

Basf Se (OTCMKTS:BASFY - Get Free Report) has been assigned an average recommendation of "Hold" from the nine brokerages that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company.

BASFY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Basf in a research note on Wednesday, September 24th. Morgan Stanley raised Basf from an "equal weight" rating to an "overweight" rating in a report on Thursday, July 24th. Zacks Research lowered Basf from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Finally, Citigroup raised Basf from a "hold" rating to a "buy" rating in a research report on Wednesday, September 10th.

Basf Price Performance

Shares of Basf stock opened at $12.46 on Wednesday. Basf has a 1-year low of $10.57 and a 1-year high of $14.76. The business's fifty day moving average price is $12.99 and its two-hundred day moving average price is $12.56. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07. The company has a market capitalization of $44.48 billion, a P/E ratio of 95.85, a PEG ratio of 14.90 and a beta of 1.07.

Basf (OTCMKTS:BASFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.06). Basf had a net margin of 0.59% and a return on equity of 7.17%. The company had revenue of $18.10 billion for the quarter, compared to the consensus estimate of $15.62 billion. As a group, research analysts forecast 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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