Basf (OTCMKTS:BASFY) Upgraded to Buy at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Basf (OTCMKTS:BASFY) from a neutral rating to a buy rating in a research report released on Monday morning, Marketbeat.com reports.

A number of other analysts have also issued reports on BASFY. Citigroup upgraded Basf to a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. began coverage on shares of Basf in a research note on Friday, October 11th. They issued a “neutral” rating on the stock. Finally, UBS Group cut Basf from a “buy” rating to a “neutral” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Basf Stock Performance

OTCMKTS:BASFY opened at $11.15 on Monday. The company has a 50-day moving average of $12.42 and a 200-day moving average of $12.38. The firm has a market cap of $40.34 billion, a price-to-earnings ratio of 69.56, a price-to-earnings-growth 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. Basf has a twelve month low of $11.02 and a twelve month high of $14.89.

Basf (OTCMKTS:BASFY) last announced its quarterly earnings data on Wednesday, October 30th. The basic materials company reported $0.09 EPS for the quarter. The company had revenue of $17.30 billion during the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. Analysts forecast that Basf will post 0.9 earnings per share 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.