Basf (OTCMKTS:BASFY) Coverage Initiated by Analysts at Citigroup

Citigroup initiated coverage on shares of Basf (OTCMKTS:BASFY) in a report published on Wednesday. The brokerage issued a buy rating on the basic materials company’s stock.

A number of other research firms also recently issued reports on BASFY. Berenberg Bank downgraded shares of Basf from a “hold” rating to a “sell” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Wednesday, September 24th. Morgan Stanley upgraded shares of Basf from an “equal weight” rating to an “overweight” rating in a research report on Thursday, July 24th. Finally, Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Basf Trading Up 1.5%

BASFY opened at $12.29 on Wednesday. The stock has a market capitalization of $43.88 billion, a PE ratio of 94.55, a P/E/G ratio of 14.17 and a beta of 1.07. The firm’s fifty day moving average price is $12.96 and its 200 day moving average price is $12.48. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07. Basf has a 12-month low of $10.57 and a 12-month high of $14.76.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Basf had a return on equity of 7.17% and a net margin of 0.59%.The business had revenue of $18.10 billion for the quarter, compared to analyst estimates of $15.62 billion. As a group, research analysts expect that Basf will post 0.83 EPS 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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.