Basf (OTCMKTS:BASFY) Rating Increased to Buy at Deutsche Bank Aktiengesellschaft

Basf (OTCMKTS:BASFY) was upgraded by Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

BASFY has been the subject of several other reports. Barclays lowered Basf from a “hold” rating to a “strong sell” rating in a research note on Wednesday, February 18th. Berenberg Bank raised Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Santander cut Basf to a “neutral” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Basf in a research note on Wednesday, February 25th. Finally, Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Basf Stock Up 3.6%

Shares of OTCMKTS BASFY opened at $13.73 on Tuesday. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of 26.92, a price-to-earnings-growth ratio of 1.38 and a beta of 0.81. The company’s 50-day simple moving average is $13.94 and its 200-day simple moving average is $13.12. The company has a quick ratio of 1.01, a current ratio of 1.82 and a debt-to-equity ratio of 0.56. Basf has a 52-week low of $10.75 and a 52-week high of $15.60.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.42). The company had revenue of $16.56 billion for the quarter, compared to analyst estimates of $14.32 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%. Equities analysts predict that Basf will post 0.83 EPS for the current fiscal year.

About Basf

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.