Basf (OTCMKTS:BASFY) Upgraded at Zacks Research

Zacks Research upgraded shares of Basf (OTCMKTS:BASFY) from a strong sell rating to a hold rating in a research report report published on Wednesday,Zacks.com reports.

BASFY has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. DZ Bank upgraded shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Santander downgraded Basf to a “neutral” rating in a research report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Finally, Barclays cut Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Basf Price Performance

Shares of OTCMKTS BASFY opened at $13.25 on Wednesday. Basf has a fifty-two week low of $10.75 and a fifty-two week high of $15.60. The company has a market cap of $47.30 billion, a PE ratio of 25.98, a P/E/G ratio of 1.41 and a beta of 0.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The business has a 50-day simple moving average of $13.92 and a two-hundred day simple moving average of $13.12.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data 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). The company had revenue of $16.56 billion for the quarter, compared to analyst estimates of $14.32 billion. Basf had a net margin of 2.59% and a return on equity of 4.37%. As a group, equities analysts expect that Basf will post 0.83 EPS for the current fiscal 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.