Basf Se (OTCMKTS:BASFY) Receives Consensus Rating of “Hold” from Brokerages

Basf Se (OTCMKTS:BASFY) has been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company.

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upgraded shares of Basf from a “neutral” rating to a “buy” rating in a research report on Monday. JPMorgan Chase & Co. assumed coverage on shares of Basf in a research report on Friday, October 11th. They set a “neutral” rating on the stock. UBS Group lowered shares of Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Finally, Citigroup upgraded shares of Basf to a “hold” rating in a research report on Wednesday, October 9th.

Basf Price Performance

Basf stock opened at $11.75 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23. Basf has a twelve month low of $11.02 and a twelve month high of $14.89. The company’s 50-day moving average price is $12.48 and its two-hundred day moving average price is $12.42.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share for the quarter. The firm had revenue of $17.30 billion for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. On average, equities research analysts predict that Basf will post 0.9 EPS for the current year.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.