Basf (OTCMKTS:BASFY) Upgraded to Buy at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft upgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a buy rating in a research report released on Tuesday morning, MarketBeat.com reports.

Several other equities analysts have also commented on the company. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Zacks Research upgraded Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Citigroup reaffirmed a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Santander lowered shares of Basf to a “neutral” rating in a report on Wednesday, February 18th. Finally, DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Basf has a consensus rating of “Hold”.

Basf Stock Up 2.9%

BASFY stock opened at $14.13 on Tuesday. The company has a 50 day moving average price of $13.96 and a two-hundred day moving average price of $13.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.01 and a current ratio of 1.93. The stock has a market capitalization of $50.45 billion, a P/E ratio of 27.71, a PEG ratio of 1.43 and a beta of 0.81. Basf has a one year low of $10.75 and a one year high of $15.60.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). Basf had a return on equity of 4.37% and a net margin of 2.59%.The business had revenue of $16.56 billion for the quarter, compared to analysts’ expectations of $14.32 billion. As a group, sell-side analysts expect that Basf will post 0.83 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.