Basf (OTCMKTS:BASFY) Downgraded by DZ Bank to Hold

Basf (OTCMKTS:BASFY) was downgraded by analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Zacks Research raised shares of Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Deutsche Bank Aktiengesellschaft lowered Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Citigroup began coverage on shares of Basf in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Berenberg Bank cut shares of Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Two equities 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 stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Basf Price Performance

Shares of BASFY stock opened at $13.85 on Monday. The stock has a market capitalization of $49.09 billion, a price-to-earnings ratio of 138.51 and a beta of 0.83. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Basf has a twelve month low of $10.75 and a twelve month high of $14.76. The stock has a fifty day simple moving average of $12.95 and a two-hundred day simple moving average of $12.83.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.