Basf (OTCMKTS:BASFY) Downgraded by DZ Bank to Hold

DZ Bank downgraded shares of Basf (OTCMKTS:BASFY) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut Basf from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Berenberg Bank lowered shares of Basf from a “hold” rating to a “sell” rating in a report on Tuesday, October 14th. Citigroup began coverage on Basf in a report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Zacks Research upgraded shares of Basf from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Basf presently has an average rating of “Hold”.

Basf Stock Down 0.9%

Shares of Basf stock traded down $0.12 during trading on Monday, reaching $13.70. 52,644 shares of the company traded hands, compared to its average volume of 136,966. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.82 and a quick ratio of 1.01. The firm has a market capitalization of $49.09 billion, a PE ratio of 136.97 and a beta of 0.83. The company has a 50 day moving average price of $12.95 and a 200-day moving average price of $12.83. Basf has a 1-year low of $10.75 and a 1-year 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.