HSBC Lowers Basf (OTCMKTS:BASFY) to Hold
HSBC cut shares of Basf (OTCMKTS:BASFY) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning, The Fly reports.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. JPMorgan Chase & Co. began coverage on Pinduoduo in a research note on Tuesday. They set an underweight rating and a $20.48 target price on the stock. Goldman Sachs Group raised DUFRY AG/ADR to a hold rating in a research note on Friday, July 5th. Finally, Societe Generale reiterated a hold rating on shares of Basf in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. The stock has a consensus rating of Hold.
BASFY opened at $16.81 on Tuesday. The company has a market capitalization of $62.14 billion, a PE ratio of 9.72, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The company’s 50 day simple moving average is $17.29. Basf has a one year low of $16.30 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.35 and a current ratio of 1.84.
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.
Further Reading: What is Net Asset Value (NAV)?
Receive News & Ratings for Basf Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Basf and related companies with MarketBeat.com's FREE daily email newsletter.