Basf (OTCMKTS:BASFY) Upgraded at Zacks Research

Basf (OTCMKTS:BASFY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other analysts have also issued reports about the stock. DZ Bank raised shares of Basf from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 2nd. Santander cut Basf to a “neutral” rating in a research report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Basf in a report on Wednesday, February 25th. Barclays cut shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Basf Stock Down 1.6%

Shares of OTCMKTS BASFY opened at $13.51 on Wednesday. The firm’s 50-day simple moving average is $13.92 and its 200 day simple moving average is $13.12. Basf has a fifty-two week low of $10.75 and a fifty-two week high of $15.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82.

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