Basf (OTCMKTS:BASFY) Downgraded to “Neutral” at UBS Group

Basf (OTCMKTS:BASFY) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, Marketbeat reports.

Several other research analysts have also recently commented on BASFY. Berenberg Bank upgraded shares of Basf to a “strong-buy” rating in a research report on Friday, June 28th. JPMorgan Chase & Co. began coverage on shares of Basf in a research note on Friday, October 11th. They issued a “neutral” rating for the company. Finally, Citigroup raised shares of Basf to a “hold” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Basf has an average rating of “Hold”.

Basf Price Performance

OTCMKTS BASFY opened at $12.44 on Monday. Basf has a 52 week low of $10.66 and a 52 week high of $14.89. The company has a current ratio of 2.09, a quick ratio of 1.23 and a debt-to-equity ratio of 0.49. The stock has a market cap of $45.00 billion, a price-to-earnings ratio of 1,244.00, a price-to-earnings-growth ratio of 1.19 and a beta of 1.22. The company has a 50-day moving average price of $12.37 and a two-hundred day moving average price of $12.64.

Basf (OTCMKTS:BASFY) last posted its earnings results on Friday, July 26th. The basic materials company reported $0.25 EPS for the quarter. Basf had a negative net margin of 0.04% and a positive return on equity of 6.36%. The firm had revenue of $17.34 billion during the quarter. Analysts forecast that Basf will post 0.95 EPS for the current year.

About Basf

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 comprising isocyanates, polyamides, and inorganic basic products, as well as specialties for plastics and plastics processing industries.