Basf Se (OTCMKTS:BASFY – Get Rating) has received a consensus recommendation of "Hold" from the ten research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $62.70.
A number of equities analysts recently commented on the stock. Berenberg Bank dropped their price target on shares of Basf from €62.00 ($63.27) to €55.00 ($56.12) and set a "hold" rating for the company in a research note on Monday, August 1st. UBS Group downgraded shares of Basf from a "neutral" rating to a "sell" rating in a report on Thursday, July 14th. Kepler Capital Markets cut shares of Basf from a "buy" rating to a "hold" rating in a research report on Thursday, August 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Basf from €60.00 ($61.22) to €55.00 ($56.12) and set a "hold" rating for the company in a research report on Tuesday, August 2nd. Finally, Morgan Stanley decreased their price target on Basf from €62.00 ($63.27) to €59.00 ($60.20) and set an "equal weight" rating on the stock in a research note on Friday, July 29th.
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Shares of BASFY opened at $9.73 on Friday. The company has a market capitalization of $35.75 billion, a P/E ratio of 5.79, a price-to-earnings-growth ratio of 0.42 and a beta of 1.18. The company has a quick ratio of 1.03, a current ratio of 1.63 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $10.83 and a 200 day moving average of $12.35. Basf has a twelve month low of $9.62 and a twelve month high of $19.87.
Basf (OTCMKTS:BASFY – Get Rating) last issued its earnings results on Wednesday, July 27th. The basic materials company reported $0.63 earnings per share (EPS) for the quarter. Basf had a net margin of 6.34% and a return on equity of 16.33%. The company had revenue of $24.48 billion for the quarter. As a group, equities research analysts anticipate that Basf will post 1.49 earnings per share for the current fiscal year.About Basf
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BASF SE operates as a chemical company worldwide. The company 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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.
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