Basf (OTCMKTS:BASFY) Raised to Strong-Buy at Berenberg Bank

Berenberg Bank upgraded shares of Basf (OTCMKTS:BASFY) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.

Other research analysts also recently issued research reports about the stock. BNP Paribas restated an underperform rating on shares of Basf in a report on Monday, April 15th. Redburn Atlantic upgraded Basf from a neutral rating to a buy rating in a research note on Tuesday, April 9th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold.

Basf Price Performance

OTCMKTS BASFY opened at $11.89 on Friday. The stock has a market capitalization of $43.01 billion, a PE ratio of 1,189.00, a P/E/G ratio of 0.99 and a beta of 1.21. The stock has a 50-day simple moving average of $12.88 and a 200 day simple moving average of $12.99. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.23 and a current ratio of 2.09. Basf has a twelve month low of $10.66 and a twelve month high of $14.89.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.46 earnings per share for the quarter. The company had revenue of $19.06 billion during the quarter. Basf had a return on equity of 5.85% and a net margin of 0.07%. Research analysts anticipate that Basf will post 0.87 EPS for the current year.

Basf Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 10th. Stockholders of record on Monday, April 29th were paid a $0.6594 dividend. This is a boost from Basf’s previous dividend of $0.64. The ex-dividend date was Friday, April 26th. Basf’s dividend payout ratio is currently 6,500.00%.

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.