Basf (OTCMKTS:BASFY) Reaches New 1-Year High – Should You Buy?

Basf Se (OTCMKTS:BASFY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $15.62 and last traded at $15.5999, with a volume of 82081 shares. The stock had previously closed at $15.27.

Wall Street Analysts Forecast Growth

BASFY has been the subject of a number of recent analyst reports. DZ Bank upgraded shares of Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Citigroup restated a “buy” rating on shares of Basf in a report on Wednesday, February 25th. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Kepler Capital Markets reaffirmed a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft raised shares of Basf from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Basf Stock Performance

The firm’s fifty day moving average price is $14.31 and its 200-day moving average price is $13.29. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The firm has a market cap of $55.73 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.54 and a beta of 0.76.

Basf (OTCMKTS:BASFY) last issued its earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $14.32 billion. Analysts expect that Basf Se will post 0.83 earnings per share 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.