Basf (OTCMKTS:BASFY) Raised to Buy 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 released on Wednesday morning, Marketbeat Ratings reports.

Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Basf in a report on Friday, October 11th. They issued a “neutral” rating on the stock. UBS Group lowered Basf from a “buy” rating to a “neutral” rating in a report on Monday, October 14th. Citigroup upgraded Basf to a “hold” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group upgraded Basf from a “neutral” rating to a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Basf Stock Performance

Shares of OTCMKTS BASFY opened at $11.37 on Wednesday. The firm’s 50-day moving average price is $12.38 and its 200-day moving average price is $12.36. 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 1-year low of $11.02 and a 1-year high of $14.89.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, October 30th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $17.30 billion for the quarter. Basf had a return on equity of 6.53% and a net margin of 0.78%. On average, equities research analysts expect that Basf will post 0.9 EPS for the current year.

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.