Kepler Capital Markets Reiterates Hold Rating for Basf (OTCMKTS:BASFY)

Basf (OTCMKTS:BASFY)‘s stock had its “hold” rating restated by Kepler Capital Markets in a research note issued to investors on Tuesday, Marketbeat.com reports.

Several other equities research analysts have also recently weighed in on BASFY. Santander cut Basf to a “neutral” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft upgraded shares of Basf from a “hold” rating to a “buy” rating in a research report on Tuesday, March 24th. Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 18th. Berenberg Bank upgraded shares of Basf from a “sell” rating to a “hold” rating in a research note on Tuesday, February 17th. Finally, DZ Bank upgraded Basf from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Basf Price Performance

Basf stock opened at $14.82 on Tuesday. The company has a current ratio of 1.93, a quick ratio of 1.19 and a debt-to-equity ratio of 0.54. The company has a fifty day simple moving average of $14.18 and a 200-day simple moving average of $13.21. The stock has a market cap of $52.91 billion, a P/E ratio of 29.06, a price-to-earnings-growth ratio of 1.60 and a beta of 0.81. Basf has a 12-month low of $10.75 and a 12-month high of $15.60.

Basf (OTCMKTS:BASFY) last posted its earnings results on Friday, February 27th. The basic materials company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.30 by ($0.42). The business had revenue of $16.56 billion during the quarter, compared to analysts’ expectations of $14.32 billion. Basf had a net margin of 2.59% and a return on equity of 4.37%. Equities analysts expect that Basf will post 0.83 EPS for the current fiscal year.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.