Zacks Investment Research Downgrades Basf Se (BASFY) to Hold
Basf Se (OTCMKTS:BASFY) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and agricultural products to oil and gas. As a reliable partner BASF creates chemistry to help its customers in virtually all industries to be more successful. With its high-value products and intelligent solutions, BASF plays an important role in finding answers to global challenges such as climate protection, energy efficiency, nutrition and mobility. “
Several other analysts have also recently weighed in on the stock. ValuEngine cut shares of Basf Se from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) raised shares of Basf Se from a “sell” rating to a “neutral” rating in a research note on Thursday, September 28th. Finally, Berenberg Bank raised shares of Basf Se from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $31.00.
Basf Se (OTCMKTS BASFY) traded down $0.13 during trading on Wednesday, hitting $27.39. 91,393 shares of the stock traded hands, compared to its average volume of 138,477. Basf Se has a twelve month low of $20.61 and a twelve month high of $105.42. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.19 and a current ratio of 1.88. The stock has a market cap of $99,896.06, a PE ratio of 16.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.06.
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Basf Se Company Profile
BASF SE is a chemical company. The Company operates through five segments, which include Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions, and Oil & Gas. The Chemicals segment consists of the Petrochemicals, Monomers and Intermediates divisions. The Performance Products segment consists of the Dispersions & Pigments, Care Chemicals, Nutrition & Health, and Performance Chemicals divisions.
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