Redburn Atlantic Upgrades Basf (OTCMKTS:BASFY) to "Buy"

Redburn Atlantic upgraded shares of Basf (OTCMKTS:BASFY - Free Report) from a neutral rating to a buy rating in a research note published on Tuesday morning, Marketbeat.com reports.

Separately, UBS Group raised Basf from a sell rating to a buy rating in a research report on Wednesday, December 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold.

Basf Stock Up 0.1 %

Shares of BASFY traded up $0.01 during trading hours on Tuesday, hitting $14.57. The company had a trading volume of 80,488 shares, compared to its average volume of 154,421. The firm has a fifty day moving average price of $13.21 and a 200-day moving average price of $12.38. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.11 and a current ratio of 1.98. The stock has a market capitalization of $52.71 billion, a price-to-earnings ratio of 242.83, a P/E/G ratio of 1.19 and a beta of 1.30. Basf has a 52-week low of $10.66 and a 52-week high of $14.89.

Basf (OTCMKTS:BASFY - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $17.09 billion during the quarter. Basf had a return on equity of 6.25% and a net margin of 0.32%. On average, equities research analysts forecast that Basf will post 0.85 EPS for the current fiscal year.

Basf Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 10th. Shareholders of record on Monday, April 29th will be given a $0.6594 dividend. This is a positive change from Basf's previous dividend of $0.64. The ex-dividend date is Friday, April 26th. Basf's payout ratio is 1,116.67%.

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.