Basf (OTCMKTS:BASFY) Upgraded at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a buy rating in a research note published on Wednesday, MarketBeat.com reports.

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

Basf Trading Up 2.0 %

BASFY stock opened at $11.37 on Wednesday. Basf has a twelve month low of $11.02 and a twelve month high of $14.89. The company has a quick ratio of 1.23, a current ratio of 2.09 and a debt-to-equity ratio of 0.49. The stock has a 50-day simple moving average of $12.39 and a two-hundred day simple moving average of $12.37.

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