Basf (OTCMKTS:BASFY) Hits New 1-Year High After Better-Than-Expected Earnings

Basf Se (OTCMKTS:BASFY)’s share price reached a new 52-week high on Friday following a better than expected earnings announcement. The stock traded as high as $16.15 and last traded at $15.91, with a volume of 18886 shares. The stock had previously closed at $16.0750.

The basic materials company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.08. The business had revenue of $18.74 billion for the quarter, compared to analysts’ expectations of $18.44 billion. Basf had a return on equity of 4.37% and a net margin of 2.59%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of Basf in a research note on Friday, April 24th. Kepler Capital Markets restated a “hold” rating on shares of Basf in a research report on Tuesday, March 31st. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 18th. DZ Bank upgraded shares of Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. Finally, Barclays lowered shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Basf Trading Down 1.0%

The company has a quick ratio of 1.19, a current ratio of 1.93 and a debt-to-equity ratio of 0.54. The stock’s fifty day moving average price is $14.70 and its two-hundred day moving average price is $13.65. The company has a market capitalization of $56.80 billion, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.56 and a beta of 0.76.

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.