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

Basf Se (OTCMKTS:BASFY) has received a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company.

Several brokerages have weighed in on BASFY. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. JPMorgan Chase & Co. assumed coverage on shares of Basf in a report on Friday, October 11th. They issued a “neutral” rating for the company. Finally, Citigroup raised shares of Basf to a “hold” rating in a research note on Wednesday, October 9th.

Basf Stock Performance

BASFY stock opened at $11.59 on Tuesday. Basf has a 1-year low of $11.02 and a 1-year high of $14.89. The firm has a fifty day moving average price of $12.48 and a two-hundred day moving average price of $12.43. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. The business had revenue of $17.30 billion for the quarter. As a group, analysts anticipate that Basf will post 0.9 EPS for the current fiscal 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.