Basf Se (BASFY) Rating Lowered to Hold at Zacks Investment Research
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. “
BASFY has been the topic of a number of other reports. ValuEngine lowered Basf Se from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Goldman Sachs Group Inc raised Basf Se from a “sell” rating to a “neutral” rating in a research note on Thursday, September 28th. Finally, Berenberg Bank raised Basf Se from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.
Shares of Basf Se (OTCMKTS BASFY) opened at $27.39 on Wednesday. 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 company has a market capitalization of $101,108.48, a price-to-earnings ratio of 16.73, a P/E/G ratio of 1.94 and a beta of 1.06. Basf Se has a 52 week low of $20.61 and a 52 week high of $105.42.
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About Basf Se
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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