Basf (OTCMKTS:BASFY) Reaches New 1-Year High – Should You Buy?

Basf Se (OTCMKTS:BASFY) hit a new 52-week high during trading on Thursday . The stock traded as high as $15.62 and last traded at $15.5999, with a volume of 82081 shares traded. The stock had previously closed at $15.27.

Analyst Upgrades and Downgrades

BASFY has been the topic of several research analyst reports. Barclays lowered shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Basf in a research report on Wednesday, February 25th. Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft upgraded shares of Basf from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. Finally, Kepler Capital Markets reaffirmed a “hold” rating on shares of Basf in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Basf has a consensus rating of “Hold”.

Basf Stock Up 2.2%

The firm has a market cap of $55.73 billion, a price-to-earnings ratio of 30.61, a P/E/G ratio of 1.54 and a beta of 0.76. 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 firm has a 50 day moving average price of $14.31 and a 200-day moving average price of $13.29.

Basf (OTCMKTS:BASFY) last released its quarterly earnings results on Friday, February 27th. The basic materials company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.42). The firm 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%. On average, equities analysts forecast that Basf Se will post 0.83 EPS for the current 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.