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

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

Several other analysts have also weighed in on BASFY. UBS Group downgraded shares of Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. The Goldman Sachs Group raised shares of Basf from a “neutral” rating to a “buy” rating in a research note on Monday. Citigroup raised shares of Basf to a “hold” rating in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. began coverage on Basf in a research note on Friday, October 11th. They issued a “neutral” rating for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Basf Stock Performance

Shares of Basf stock opened at $11.15 on Wednesday. The company has a market cap of $40.34 billion, a P/E ratio of 69.56, a PEG ratio of 1.10 and a beta of 1.22. 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 business has a 50-day moving average price of $12.42 and a two-hundred day moving average price of $12.38. Basf has a 1-year low of $11.02 and a 1-year high of $14.89.

Basf (OTCMKTS:BASFY) last released its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 EPS for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. The business had revenue of $17.30 billion during the quarter. As a group, analysts anticipate 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.