Zacks Investment Research upgraded shares of Basf (OTCMKTS:BASFY) from a sell rating to a hold rating in a research report released on Thursday.
According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “
A number of other research analysts have also recently commented on BASFY. ValuEngine raised Basf from a strong sell rating to a sell rating in a report on Saturday, September 22nd. JPMorgan Chase & Co. raised Basf from a neutral rating to an overweight rating in a report on Thursday. Barclays cut Basf from an overweight rating to an equal weight rating in a report on Thursday, November 29th. Sanford C. Bernstein began coverage on Basf in a report on Monday, September 24th. They issued a market perform rating on the stock. Finally, Macquarie cut Basf from an outperform rating to a neutral rating in a report on Thursday, November 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold.
Shares of OTCMKTS:BASFY traded down $0.29 during mid-day trading on Thursday, hitting $18.16. The company had a trading volume of 1,195,702 shares, compared to its average volume of 687,159. The firm has a market capitalization of $67.60 billion, a P/E ratio of 9.98, a P/E/G ratio of 1.04 and a beta of 1.02. The company has a quick ratio of 1.43, a current ratio of 2.07 and a debt-to-equity ratio of 0.47. Basf has a one year low of $16.35 and a one year high of $30.22.
Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Friday, October 26th. The basic materials company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.03). The company had revenue of $18.14 billion during the quarter. Basf had a net margin of 9.07% and a return on equity of 17.41%. On average, analysts anticipate that Basf will post 1.82 EPS for the current fiscal year.
Basf Company Profile
BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines.
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