Basf Se (OTCMKTS:BASFY) Receives Average Rating of “Reduce” from Brokerages

Basf Se (OTCMKTS:BASFY) has received an average recommendation of “Reduce” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company.

A number of brokerages have commented on BASFY. Deutsche Bank Aktiengesellschaft lowered shares of Basf from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research cut shares of Basf from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 27th. DZ Bank lowered shares of Basf from a “strong-buy” rating to a “hold” rating in a report on Monday, January 26th. Citigroup started coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating on the stock. Finally, Berenberg Bank cut Basf from a “hold” rating to a “sell” rating in a research note on Tuesday, October 14th.

Basf Trading Up 1.5%

Shares of BASFY opened at $13.77 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.01 and a current ratio of 1.82. The company has a market cap of $48.41 billion, a price-to-earnings ratio of 137.71 and a beta of 0.83. The stock has a fifty day moving average price of $13.05 and a two-hundred day moving average price of $12.86. Basf has a 52-week low of $10.75 and a 52-week high of $14.76.

About Basf

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.