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 research note issued to investors on Tuesday, Zacks.com 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. “

BASFY has been the subject of several other reports. Berenberg Bank lowered Basf from a buy rating to a hold rating in a research note on Wednesday, February 5th. Societe Generale upgraded Basf from a hold rating to a buy rating in a research note on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $22.00.

Shares of OTCMKTS:BASFY opened at $16.90 on Tuesday. The firm has a market capitalization of $62.20 billion, a PE ratio of 14.98, a P/E/G ratio of 1.57 and a beta of 1.19. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.78 and a quick ratio of 1.06. The business has a 50-day moving average of $17.85 and a two-hundred day moving average of $17.85. Basf has a 12 month low of $15.50 and a 12 month high of $20.98.

About Basf

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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