Zacks Investment Research lowered shares of Basf (OTCMKTS:BASFY) from a hold rating to a strong sell rating in a research report released on Tuesday, reports.

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. “

Several other equities research analysts have also issued reports on BASFY. HSBC set a €6.90 ($8.02) target price on shares of Deutsche Bank and gave the stock a neutral rating in a report on Tuesday. JPMorgan Chase & Co. began coverage on shares of Pinduoduo in a research report on Tuesday. They set an underweight rating and a $20.48 target price on the stock. Societe Generale reissued a hold rating on shares of Basf in a research report on Friday, April 5th. Goldman Sachs Group raised shares of DUFRY AG/ADR to a hold rating in a research report on Friday, July 5th. Finally, ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company currently has a consensus rating of Hold.

BASFY opened at $17.00 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.43. Basf has a 1-year low of $16.30 and a 1-year high of $24.75. The company has a market capitalization of $62.46 billion, a P/E ratio of 9.83, a PEG ratio of 1.37 and a beta of 1.17. The stock has a 50 day simple moving average of $17.29.

Basf (OTCMKTS:BASFY) last posted its earnings results on Friday, May 3rd. The basic materials company reported $0.47 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.09. The company had revenue of $18.37 billion during the quarter. Basf had a net margin of 6.94% and a return on equity of 14.01%. As a group, research analysts expect that Basf will post 1.3 earnings per share for the current year.

Basf Company Profile

BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. The Chemicals segment provides petrochemicals and intermediates. The Materials segment offers advanced materials and their precursors for applications and systems, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

Further Reading: Return on Investment (ROI)

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