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

Basf Se (OTCMKTS:BASFY) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company.

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Basf in a research report on Friday, March 7th. JPMorgan Chase & Co. cut shares of Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th.

Basf Price Performance

BASFY stock opened at $12.06 on Monday. The firm’s 50-day moving average price is $12.19 and its two-hundred day moving average price is $12.19. Basf has a 12-month low of $10.57 and a 12-month high of $14.76. The stock has a market capitalization of $43.06 billion, a price-to-earnings ratio of 52.44, a PEG ratio of 5.70 and a beta of 1.07. The company has a current ratio of 1.83, a quick ratio of 1.07 and a debt-to-equity ratio of 0.51.

Basf (OTCMKTS:BASFY) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Basf had a net margin of 1.13% and a return on equity of 8.20%. The firm had revenue of $18.31 billion for the quarter, compared to analysts’ expectations of $17.34 billion. As a group, equities analysts predict that Basf will post 0.83 earnings per share for the current year.

Basf Cuts Dividend

The business also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Wednesday, May 7th were given a dividend of $0.4322 per share. This represents a dividend yield of 3.38%. The ex-dividend date of this dividend was Tuesday, May 6th. Basf’s dividend payout ratio is currently 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.