Basf (OTCMKTS:BASFY) Upgraded to “Strong-Buy” by Berenberg Bank

Basf (OTCMKTS:BASFY) was upgraded by investment analysts at Berenberg Bank to a “strong-buy” rating in a research note issued on Friday, Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Redburn Atlantic raised shares of Basf from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. BNP Paribas reissued an “underperform” rating on shares of Basf in a research report on Monday, April 15th. Three analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Basf Trading Down 1.6 %

Shares of BASFY opened at $11.89 on Friday. Basf has a twelve month low of $10.66 and a twelve month high of $14.89. The firm has a market capitalization of $43.01 billion, a P/E ratio of 1,189.00, a price-to-earnings-growth ratio of 0.99 and a beta of 1.21. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock’s fifty day simple moving average is $12.88 and its 200 day simple moving average is $12.99.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.46 earnings per share for the quarter. The business had revenue of $19.06 billion for the quarter. Basf had a return on equity of 5.85% and a net margin of 0.07%. On average, equities research analysts forecast that Basf will post 0.87 earnings per share for the current year.

Basf Company Profile

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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.