Basf (OTCMKTS:BASFY) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Basf (OTCMKTS:BASFYFree Report) from a neutral rating to a buy rating in a research note issued to investors on Monday, Marketbeat reports.

Other equities analysts also recently issued reports about the company. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. initiated coverage on Basf in a research report on Friday, October 11th. They set a “neutral” rating for the company. Finally, Citigroup upgraded Basf to a “hold” rating in a research report on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Read Our Latest Stock Analysis on BASFY

Basf Stock Down 1.0 %

Shares of BASFY stock opened at $11.13 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. Basf has a twelve month low of $11.02 and a twelve month high of $14.89. The business has a fifty day simple moving average of $12.44 and a 200 day simple moving average of $12.39.

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

Basf Company Profile

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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.

Further Reading

Analyst Recommendations for Basf (OTCMKTS:BASFY)

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