Jefferies Group Brokers Increase Earnings Estimates for Basf Se (BASFY)

Basf Se (OTCMKTS:BASFY) – Research analysts at Jefferies Group boosted their FY2017 earnings per share (EPS) estimates for shares of Basf in a report released on Friday. Jefferies Group analyst L. Alexander now forecasts that the basic materials company will earn $2.00 per share for the year, up from their previous estimate of $1.84. Jefferies Group also issued estimates for Basf’s Q4 2017 earnings at $0.43 EPS, FY2018 earnings at $2.09 EPS, FY2019 earnings at $2.14 EPS and FY2020 earnings at $2.17 EPS.

Basf (OTCMKTS:BASFY) last issued its quarterly earnings data on Tuesday, October 24th. The basic materials company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. Basf had a return on equity of 16.68% and a net margin of 8.28%.

BASFY has been the subject of several other research reports. Zacks Investment Research lowered Basf from a “hold” rating to a “sell” rating in a report on Monday, October 16th. ValuEngine lowered Basf from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Goldman Sachs Group upgraded Basf from a “sell” rating to a “neutral” rating in a report on Thursday, September 28th. Berenberg Bank raised Basf from a “hold” rating to a “buy” rating in a research report on Wednesday, November 22nd. Finally, UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a research report on Thursday, December 7th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.00.

Shares of Basf (OTCMKTS BASFY) opened at $30.01 on Monday. Basf has a twelve month low of $22.98 and a twelve month high of $30.06. The company has a current ratio of 1.99, a quick ratio of 1.29 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $110,256.74, a price-to-earnings ratio of 19.05, a PEG ratio of 1.84 and a beta of 1.08.

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Basf Company Profile

BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.

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