ValuEngine Upgrades Basf (OTCMKTS:BASFY) to “Hold”

Basf (OTCMKTS:BASFY) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, ValuEngine reports.

Several other brokerages also recently issued reports on BASFY. Goldman Sachs Group began coverage on shares of Basf in a research report on Friday, July 5th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Basf from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 9th. Citigroup cut shares of Basf from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 10th. JPMorgan Chase & Co. cut shares of Basf from an “overweight” rating to a “neutral” rating in a research note on Tuesday, July 9th. Finally, HSBC cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. Basf presently has an average rating of “Hold”.

Basf stock traded down $0.07 during midday trading on Wednesday, hitting $16.92. 343,154 shares of the company’s stock were exchanged, compared to its average volume of 320,510. Basf has a 12-month low of $15.50 and a 12-month high of $21.69. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.98 and a current ratio of 1.68. The stock has a market cap of $62.16 billion, a price-to-earnings ratio of 9.78, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The firm’s 50 day simple moving average is $16.83 and its 200 day simple moving average is $17.76.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Monday, July 22nd. The basic materials company reported $0.23 earnings per share (EPS) for the quarter. Basf had a net margin of 14.93% and a return on equity of 11.21%. The company had revenue of $17.04 billion for the quarter. On average, equities research analysts forecast that Basf will post 1.04 EPS for the current fiscal year.

About Basf

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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Analyst Recommendations for Basf (OTCMKTS:BASFY)

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