Basf (OTCMKTS:BASFY) Upgraded at DZ Bank

DZ Bank upgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a strong-buy rating in a report released on Monday,Zacks.com reports.

A number of other equities research analysts have also commented on BASFY. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Barclays lowered shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. Zacks Research downgraded Basf from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 27th. Santander lowered Basf to a “neutral” rating in a research report on Wednesday, February 18th. Finally, Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Basf Trading Up 1.3%

Shares of OTCMKTS:BASFY opened at $13.47 on Monday. Basf has a one year low of $10.75 and a one year high of $15.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The firm has a 50 day simple moving average of $13.78 and a 200 day simple moving average of $13.12.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.42). Basf had a net margin of 2.59% and a return on equity of 4.37%. The firm had revenue of $16.56 billion for the quarter, compared to analyst estimates of $14.32 billion. As a group, 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.