Basf Se (OTCMKTS:BASFY) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Basf Se (OTCMKTS:BASFY) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company.

A number of brokerages have commented on BASFY. Morgan Stanley reissued an “overweight” rating on shares of Basf in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Tuesday, May 5th. Finally, Kepler Capital Markets raised shares of Basf from a “hold” rating to a “buy” rating in a report on Thursday, June 11th.

Basf Stock Up 1.3%

Shares of BASFY opened at $15.28 on Friday. The stock has a market capitalization of $54.55 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 1.11 and a beta of 0.73. Basf has a 1 year low of $11.93 and a 1 year high of $16.25. The business’s 50 day simple moving average is $14.13 and its 200-day simple moving average is $14.56. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.91 and a quick ratio of 1.26.

Basf (OTCMKTS:BASFY) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.13. Basf had a net margin of 9.40% and a return on equity of 5.78%. The firm had revenue of $19.99 billion during the quarter, compared to analyst estimates of $18.85 billion. As a group, equities analysts expect that Basf will post 0.84 earnings per share for the current fiscal 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.