Basf (OTCMKTS:BASFY) Upgraded at Citigroup

Citigroup upgraded shares of Basf (OTCMKTS:BASFY) to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

Separately, Berenberg Bank raised Basf to a strong-buy rating in a research note on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Basf presently has an average rating of Hold.

Basf Price Performance

OTCMKTS:BASFY opened at $12.87 on Wednesday. The firm’s 50-day simple moving average is $12.31 and its 200 day simple moving average is $12.68. Basf has a 52 week low of $10.66 and a 52 week high of $14.89. The firm has a market cap of $46.74 billion, a price-to-earnings ratio of -1,285.71, a P/E/G ratio of 1.19 and a beta of 1.22. 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 (OTCMKTS:BASFY) last announced its quarterly earnings data on Friday, July 26th. The basic materials company reported $0.25 earnings per share (EPS) for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The firm had revenue of $17.34 billion for the quarter. As a group, sell-side analysts predict that Basf will post 0.95 earnings per share 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.