Basf Se (BASFY) Cut to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Basf Se (NASDAQ:BASFY) from a buy rating to a hold rating in a report published on Thursday morning.
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. “
Separately, Berenberg Bank upgraded Basf Se from a sell rating to a hold rating in a report on Monday, July 31st.
Shares of Basf Se (NASDAQ BASFY) opened at 103.08 on Thursday. Basf Se has a 52-week low of $78.57 and a 52-week high of $103.84. The stock has a market capitalization of $94.68 billion and a price-to-earnings ratio of 16.57. The stock has a 50 day moving average price of $97.47 and a 200-day moving average price of $96.46.
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Basf Se Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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