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

Basf Se (OTCMKTS:BASFY) has received an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company.

A number of research firms have weighed in on BASFY. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Zacks Research downgraded Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 27th. Finally, DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd.

Basf Trading Down 2.2%

OTCMKTS BASFY traded down $0.30 during trading on Friday, reaching $13.16. 143,531 shares of the company’s stock traded hands, compared to its average volume of 173,998. Basf has a 12-month low of $10.75 and a 12-month high of $15.60. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. The company’s 50 day simple moving average is $13.79 and its two-hundred day simple moving average is $13.12.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.42). The business had revenue of $16.56 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. Research analysts anticipate that Basf will post 0.83 EPS for the current fiscal year.

Basf Company Profile

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.