Basf Se (OTCMKTS:BASFY) Given Consensus Rating of “Moderate Buy” by Brokerages

Basf Se (OTCMKTS:BASFY) has received an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company.

A number of brokerages have weighed in on BASFY. Citigroup reiterated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Kepler Capital Markets upgraded shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a research report on Tuesday, May 5th.

Basf Price Performance

OTCMKTS:BASFY opened at $14.53 on Tuesday. Basf has a 52 week low of $11.93 and a 52 week high of $16.25. The stock’s fifty day moving average is $14.05 and its two-hundred day moving average is $14.39. The company has a market capitalization of $51.87 billion, a P/E ratio of 7.49, a P/E/G ratio of 1.12 and a beta of 0.74. The company has a quick ratio of 1.26, a current ratio of 1.91 and a debt-to-equity ratio of 0.56.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.13. Basf had a return on equity of 5.78% and a net margin of 9.40%.The firm had revenue of $19.99 billion during the quarter, compared to the consensus estimate of $18.85 billion. Equities analysts expect that Basf will post 0.86 EPS 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.