Basf (OTCMKTS:BASFY) Shares Gap Down – Should You Sell?

Shares of Basf Se (OTCMKTS:BASFY) gapped down prior to trading on Wednesday . The stock had previously closed at $14.04, but opened at $13.46. Basf shares last traded at $13.57, with a volume of 10,570 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Citigroup restated a “buy” rating on shares of Basf in a research report on Friday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research note on Tuesday, May 5th. Morgan Stanley reissued an “overweight” rating on shares of Basf in a research report on Tuesday, May 12th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Finally, Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Basf Stock Down 2.6%

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.19 and a current ratio of 1.93. The firm has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.31. The firm has a market capitalization of $48.80 billion, a price-to-earnings ratio of 23.57, a PEG ratio of 1.12 and a beta of 0.74.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. Basf had a return on equity of 3.90% and a net margin of 2.91%.The firm had revenue of $18.74 billion for the quarter, compared to the consensus estimate of $18.44 billion. As a group, sell-side analysts expect that Basf Se will post 0.82 EPS for the current fiscal 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.