Basf (OTCMKTS:BASFY) Downgraded to Hold Rating by DZ Bank

Basf (OTCMKTS:BASFY) was downgraded by analysts at DZ Bank from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other research firms have also commented on BASFY. Berenberg Bank lowered shares of Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Citigroup initiated coverage on Basf in a research report on Wednesday, October 15th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Basf presently has a consensus rating of “Hold”.

Basf Stock Performance

BASFY opened at $13.85 on Monday. The firm has a 50 day moving average of $12.95 and a two-hundred day moving average of $12.83. The firm has a market capitalization of $49.09 billion, a PE ratio of 138.51 and a beta of 0.83. The company has a current ratio of 1.82, a quick ratio of 1.01 and a debt-to-equity ratio of 0.56. Basf has a 12-month low of $10.75 and a 12-month high of $14.76.

Basf Company Profile

BASF SE is a Germany-based chemical company founded in 1865 (originally Badische Anilin- & Soda-Fabrik) and headquartered in Ludwigshafen. It is one of the world’s largest chemical producers, supplying raw materials, intermediates and finished chemical products to a broad range of industries including automotive, construction, agriculture, consumer goods, electronics and industrial manufacturing. The company combines large-scale production with global commercial and logistics networks to serve customers in many end markets.

BASF’s activities span basic and specialty chemicals, performance materials, functional additives, catalysts and coatings, as well as products for nutrition and personal care.