Basf Se (OTCMKTS:BASFY) Given Average Rating of “Hold” by Analysts

Basf Se (OTCMKTS:BASFY) has been given a consensus rating of “Hold” by the nine research firms that are currently covering the firm, reports. Two investment analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company.

A number of equities research analysts have weighed in on BASFY shares. Societe Generale reiterated a “hold” rating on shares of Basf in a report on Friday, April 5th. HSBC set a €6.90 ($8.02) target price on Deutsche Bank and gave the stock a “neutral” rating in a report on Tuesday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. started coverage on Pinduoduo in a report on Tuesday. They issued an “underweight” rating and a $20.48 target price for the company. Finally, Goldman Sachs Group upgraded DUFRY AG/ADR to a “hold” rating in a report on Friday, July 5th.

BASFY stock traded up $0.14 during mid-day trading on Friday, reaching $16.95. The company’s stock had a trading volume of 164,107 shares, compared to its average volume of 423,185. The company has a market capitalization of $62.24 billion, a P/E ratio of 9.80, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The business’s 50 day moving average price is $17.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.35 and a current ratio of 1.84. Basf has a 12 month low of $16.30 and a 12 month high of $24.75.

Basf (OTCMKTS:BASFY) last issued its earnings results on Friday, May 3rd. The basic materials company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.09. The business had revenue of $18.37 billion during the quarter. Basf had a return on equity of 14.01% and a net margin of 6.94%. Research analysts anticipate that Basf will post 1.3 earnings per share for the current fiscal 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, 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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