Basf’s (BASFY) Hold Rating Reaffirmed at Kepler Capital Markets

Kepler Capital Markets restated their hold rating on shares of Basf (OTCMKTS:BASFY) in a research note issued to investors on Tuesday morning, MarketBeat reports.

A number of other equities research analysts have also issued reports on the company. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. Berenberg Bank upgraded Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft raised shares of Basf from a “hold” rating to a “buy” rating in a research note on Tuesday, March 24th. Finally, Santander cut shares of Basf to a “neutral” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Basf Stock Performance

Shares of OTCMKTS:BASFY opened at $15.36 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. Basf has a 12 month low of $10.75 and a 12 month high of $15.60. The company has a market capitalization of $54.84 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.57 and a beta of 0.81. The firm’s 50-day moving average is $14.15 and its 200 day moving average is $13.20.

Basf (OTCMKTS:BASFY) last announced 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 firm had revenue of $16.56 billion during the quarter, compared to the consensus estimate of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. Research analysts predict that Basf will post 0.83 EPS for the current 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.