Sanford C. Bernstein Begins Coverage on Basf (BASFY)
Analysts at Sanford C. Bernstein began coverage on shares of Basf (OTCMKTS:BASFY) in a note issued to investors on Monday, The Fly reports. The brokerage set a “market perform” rating on the basic materials company’s stock.
Several other research analysts have also commented on the company. ValuEngine raised Basf from a “strong sell” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research raised Basf from a “sell” rating to a “hold” rating in a research report on Wednesday, July 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $31.00.
Shares of Basf stock opened at $23.94 on Monday. Basf has a twelve month low of $21.79 and a twelve month high of $30.22. The firm has a market capitalization of $87.96 billion, a P/E ratio of 13.15, a PEG ratio of 1.27 and a beta of 1.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.43 and a current ratio of 2.07.
Basf Company Profile
BASF SE operates as a chemical company worldwide. It operates through five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment offers solvents, plasticizers, monomers, and glues, as well as raw materials for detergents, plastics, textile fibers, paints and coatings, crop protection products, and medicines.
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