Basf Se (OTCMKTS:BASFY) Receives Average Rating of “Hold” from Analysts

Shares of Basf Se (OTCMKTS:BASFY) have been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company.

Several equities analysts recently issued reports on BASFY shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Basf in a research report on Friday, March 7th. Berenberg Bank cut shares of Basf from a “buy” rating to a “hold” rating in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut shares of Basf from a “neutral” rating to an “underweight” rating in a research report on Thursday, March 27th.

Basf Stock Performance

OTCMKTS:BASFY opened at $11.99 on Friday. Basf has a 1-year low of $10.57 and a 1-year high of $14.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.87 and a quick ratio of 1.03. The business has a 50 day moving average of $12.75 and a 200 day moving average of $12.08. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 74.94, a PEG ratio of 2.30 and a beta of 1.11.

Basf (OTCMKTS:BASFY) last released its earnings results on Friday, May 2nd. The basic materials company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. Basf had a net margin of 0.78% and a return on equity of 6.63%. The company had revenue of $18.31 billion for the quarter, compared to analyst estimates of $17.34 billion. On average, sell-side analysts predict that Basf will post 0.83 earnings per share for the current fiscal year.

Basf Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Wednesday, May 7th will be paid a dividend of $0.4322 per share. This represents a dividend yield of 3.38%. The ex-dividend date is Tuesday, May 6th. Basf’s payout ratio is 186.96%.

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.