Basf (BASFY) Rating Increased to Hold at HSBC

Basf (OTCMKTS:BASFY) was upgraded by analysts at HSBC from a “reduce” rating to a “hold” rating in a research report issued on Tuesday, February 13th, Marketbeat.com reports.

Several other equities research analysts also recently weighed in on the company. UBS Group downgraded Basf from a “buy” rating to a “neutral” rating in a report on Thursday, December 7th. JPMorgan Chase & Co. downgraded Basf from an “overweight” rating to a “neutral” rating in a report on Monday, January 8th. Zacks Investment Research downgraded Basf from a “hold” rating to a “sell” rating in a report on Monday, October 16th. Berenberg Bank upgraded Basf from a “hold” rating to a “buy” rating in a report on Wednesday, November 22nd. Finally, ValuEngine downgraded Basf from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $31.00.

Basf (OTCMKTS BASFY) traded up $0.07 during mid-day trading on Tuesday, hitting $27.07. The company had a trading volume of 36,252 shares, compared to its average volume of 166,681. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.99 and a quick ratio of 1.29. The stock has a market cap of $99,198.00, a P/E ratio of 17.14, a PEG ratio of 1.49 and a beta of 1.08. Basf has a 52-week low of $22.98 and a 52-week high of $30.22.

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Basf 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.

Analyst Recommendations for Basf (OTCMKTS:BASFY)

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