Basf Se (OTCMKTS:BASFY) Given Consensus Rating of “Hold” by Brokerages

Basf Se (OTCMKTS:BASFY) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company.

Several equities analysts have commented on BASFY shares. JPMorgan Chase & Co. cut shares of Basf from a “neutral” rating to an “underweight” rating in a research note on Thursday, March 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a report on Friday, March 7th. Finally, Berenberg Bank lowered shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th.

Basf Trading Up 0.8%

OTCMKTS BASFY opened at $12.00 on Thursday. Basf has a 12 month low of $10.57 and a 12 month high of $14.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The company has a market capitalization of $42.84 billion, a price-to-earnings ratio of 75.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.11. The company’s fifty day moving average price is $12.09 and its two-hundred day moving average price is $12.10.

Basf (OTCMKTS:BASFY) last issued its earnings results on Friday, May 2nd. The basic materials company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.03. Basf had a net margin of 0.78% and a return on equity of 6.63%. The company had revenue of $18.31 billion for the quarter, compared to analysts’ expectations of $17.34 billion. As a group, research analysts predict that Basf will post 0.83 earnings per share for the current fiscal year.

Basf Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, May 19th. Stockholders of record on Wednesday, May 7th were paid a $0.4322 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a dividend yield of 3.38%. Basf’s dividend payout ratio is presently 191.30%.

About Basf

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.