Basf (OTCMKTS:BASFY) Stock Rating Upgraded by Jefferies Financial Group

Basf (OTCMKTS:BASFY) was upgraded by analysts at Jefferies Financial Group from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports.

Several other brokerages have also recently commented on BASFY. JPMorgan Chase & Co. began coverage on shares of Basf in a research report on Friday, October 11th. They issued a “neutral” rating for the company. UBS Group cut shares of Basf from a “buy” rating to a “neutral” rating in a research note on Monday, October 14th. Citigroup upgraded Basf to a “hold” rating in a research note on Wednesday, October 9th. Finally, The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Basf presently has a consensus rating of “Hold”.

Basf Stock Performance

Shares of OTCMKTS BASFY opened at $11.15 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.09 and a quick ratio of 1.23. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 69.56, a P/E/G ratio of 1.10 and a beta of 1.22. The stock’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $12.38. Basf has a one year low of $11.02 and a one year high of $14.89.

Basf (OTCMKTS:BASFY) last announced its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Basf had a net margin of 0.78% and a return on equity of 6.53%. The firm had revenue of $17.30 billion for the quarter. On average, equities analysts forecast that Basf will post 0.9 EPS 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.