UBS Downgrades Basf (BASFY) to Neutral
Basf (OTCMKTS:BASFY) was downgraded by stock analysts at UBS from a “buy” rating to a “neutral” rating in a report issued on Thursday, The Fly reports.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Basf from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Goldman Sachs Group upgraded shares of Basf from a “sell” rating to a “neutral” rating in a research note on Thursday, September 28th. Berenberg Bank upgraded shares of Basf from a “hold” rating to a “buy” rating in a research note on Wednesday, November 22nd. Finally, ValuEngine cut shares of Basf from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.00.
Basf (OTCMKTS:BASFY) traded down $0.27 on Thursday, hitting $27.46. 96,431 shares of the company were exchanged, compared to its average volume of 140,926. 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 stock has a market capitalization of $100,570.00, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.75 and a beta of 1.11. Basf has a one year low of $22.33 and a one year high of $28.60.
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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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