Zacks Research Downgrades Basf (OTCMKTS:BASFY) to Strong Sell

Zacks Research downgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a strong sell rating in a report published on Monday morning,Zacks.com reports.

Separately, Morgan Stanley raised shares of Basf from an “equal weight” rating to an “overweight” rating in a research note on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Basf Price Performance

BASFY stock opened at $14.00 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.83 and a quick ratio of 1.07. The business has a 50 day simple moving average of $12.63 and a 200-day simple moving average of $12.58. The firm has a market capitalization of $49.98 billion, a PE ratio of 107.70, a price-to-earnings-growth ratio of 16.42 and a beta of 1.09. Basf has a 1 year low of $10.57 and a 1 year high of $14.76.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings results on Wednesday, July 30th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.06). Basf had a net margin of 0.59% and a return on equity of 7.17%. The company had revenue of $18.10 billion during the quarter, compared to analysts’ expectations of $15.62 billion. Equities research analysts anticipate that Basf will post 0.83 earnings per share for the current fiscal 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.