Jefferies Financial Group Equities Analysts Lift Earnings Estimates for Basf Se (OTCMKTS:BASFY)

Basf Se (OTCMKTS:BASFY – Get Rating) – Analysts at Jefferies Financial Group boosted their FY2023 earnings per share (EPS) estimates for shares of Basf in a research report issued on Tuesday, January 10th. Jefferies Financial Group analyst C. Counihan now forecasts that the basic materials company will post earnings of $1.03 per share for the year, up from their previous estimate of $1.00. The consensus estimate for Basf’s current full-year earnings is $1.55 per share. Jefferies Financial Group also issued estimates for Basf’s FY2024 earnings at $1.13 EPS and FY2025 earnings at $1.27 EPS.

Basf (OTCMKTS:BASFY – Get Rating) last issued its quarterly earnings data on Wednesday, October 26th. The basic materials company reported $0.45 earnings per share (EPS) for the quarter. The business had revenue of $22.12 billion during the quarter. Basf had a return on equity of 16.03% and a net margin of 5.82%.

Several other brokerages have also weighed in on BASFY. Morgan Stanley lowered their price objective on Basf from €59.00 ($63.44) to €57.00 ($61.29) and set an “equal weight” rating for the company in a research report on Thursday, September 29th. Deutsche Bank Aktiengesellschaft upgraded Basf from a “hold” rating to a “buy” rating in a research note on Friday, October 28th. Finally, Credit Suisse Group cut their price target on Basf from €67.00 ($72.04) to €61.00 ($65.59) in a research note on Monday, October 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Basf presently has a consensus rating of “Hold” and a consensus target price of $62.36.

Basf Price Performance

Shares of Basf stock opened at $14.31 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.72 and a quick ratio of 1.02. The business has a 50 day simple moving average of $12.74 and a two-hundred day simple moving average of $11.43. The stock has a market capitalization of $52.58 billion, a P/E ratio of 9.35 and a beta of 1.20. Basf has a 12 month low of $9.01 and a 12 month high of $19.87.

Basf Company Profile

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BASF SE operates as a chemical company worldwide. The company 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.