Basf (OTCMKTS:BASFY) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of Basf (OTCMKTS:BASFY) from a hold rating to a sell rating in a report issued on Tuesday, reports.

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. “

A number of other research analysts also recently commented on BASFY. Berenberg Bank downgraded Basf from a buy rating to a hold rating in a report on Wednesday, February 5th. Societe Generale raised Basf from a hold rating to a buy rating in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Basf currently has an average rating of Hold and a consensus target price of $22.00.

Shares of BASFY opened at $16.90 on Tuesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.06 and a current ratio of 1.78. The stock has a 50-day moving average price of $17.85 and a 200 day moving average price of $17.85. Basf has a one year low of $15.50 and a one year high of $20.98. The company has a market capitalization of $62.20 billion, a P/E ratio of 14.98, a P/E/G ratio of 1.57 and a beta of 1.19.

Basf Company Profile

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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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