Basf (OTCMKTS:BASFY) Upgraded at Kepler Capital Markets

Basf (OTCMKTS:BASFY) was upgraded by stock analysts at Kepler Capital Markets from a “hold” rating to a “buy” rating in a report released on Thursday.

BASFY has been the subject of several other research reports. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 18th. Santander cut shares of Basf to a “neutral” rating in a report on Wednesday, February 18th. Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a report on Wednesday, February 18th. DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a report on Monday, March 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Basf in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Basf Trading Down 1.8%

OTCMKTS:BASFY opened at $13.80 on Thursday. Basf has a 12 month low of $11.75 and a 12 month high of $16.25. The firm has a fifty day simple moving average of $15.26 and a 200-day simple moving average of $14.15. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $49.27 billion, a P/E ratio of 23.79, a PEG ratio of 1.12 and a beta of 0.72.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.31 by $0.08. Basf had a net margin of 2.91% and a return on equity of 3.90%. The business had revenue of $18.74 billion during the quarter, compared to the consensus estimate of $18.44 billion. On average, equities research analysts anticipate that Basf will post 0.85 earnings per share for the current year.

Basf Company Profile

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.