Basf Se (OTCMKTS:BASFY) Given Consensus Recommendation of “Hold” by Analysts

Basf Se (OTCMKTS:BASFY) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company.

BASFY has been the subject of several analyst reports. Citigroup began coverage on Basf in a report on Wednesday, October 15th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft downgraded Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Zacks Research raised Basf from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Berenberg Bank downgraded Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th.

Basf Trading Up 0.6%

Shares of OTCMKTS:BASFY opened at $12.92 on Friday. The company’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $12.74. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. Basf has a one year low of $10.57 and a one year high of $14.76. The stock has a market capitalization of $45.84 billion, a PE ratio of 129.21 and a beta of 0.83.

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.