Basf (OTCMKTS:BASFY) Receives Neutral Rating from UBS Group

UBS Group reiterated their neutral rating on shares of Basf (OTCMKTS:BASFY) in a research note released on Wednesday, The Fly reports.

Several other equities analysts have also issued reports on BASFY. Morgan Stanley reiterated an equal weight rating on shares of Basf in a research report on Monday, March 30th. Jefferies Financial Group upgraded Basf from a hold rating to a buy rating in a research report on Wednesday, June 3rd. Pareto Securities raised Basf from a hold rating to a buy rating in a research report on Wednesday, June 3rd. Zacks Investment Research downgraded Basf from a hold rating to a sell rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating on shares of Basf in a research report on Tuesday, March 24th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $22.00.

Shares of BASFY stock opened at $14.20 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.19. The stock has a market cap of $51.56 billion, a PE ratio of 5.55, a price-to-earnings-growth ratio of 15.25 and a beta of 1.24. The stock has a 50-day moving average of $14.23 and a 200-day moving average of $14.62. Basf has a one year low of $10.29 and a one year high of $19.81.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.06. The company had revenue of $18.48 billion during the quarter. Basf had a return on equity of 8.06% and a net margin of 13.70%. As a group, research analysts anticipate that Basf will post 0.69 earnings per share for the current year.

The company also recently declared an annual dividend, which was paid on Monday, July 6th. Shareholders of record on Monday, June 22nd were given a dividend of $0.666 per share. The ex-dividend date was Friday, June 19th. This represents a yield of 4.07%. This is an increase from Basf’s previous annual dividend of $0.64. Basf’s dividend payout ratio is 59.82%.

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.

Further Reading: What is Cost of Goods Sold (COGS)?

The Fly

Analyst Recommendations for Basf (OTCMKTS:BASFY)

Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with's FREE daily email newsletter.