Citigroup Lowers Basf (OTCMKTS:BASFY) to Neutral

Citigroup downgraded shares of Basf (OTCMKTS:BASFY) from a buy rating to a neutral rating in a research report sent to investors on Tuesday morning, The Fly reports.

A number of other research firms have also recently issued reports on BASFY. Goldman Sachs Group started coverage on Basf in a research note on Friday, July 5th. They issued a neutral rating for the company. JPMorgan Chase & Co. cut Basf from an overweight rating to a neutral rating in a research note on Tuesday, July 9th. ValuEngine raised Basf from a strong sell rating to a sell rating in a research note on Tuesday, July 2nd. HSBC cut Basf from a buy rating to a hold rating in a research note on Tuesday, July 9th. Finally, Zacks Investment Research cut Basf from a hold rating to a strong sell rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company has a consensus rating of Hold.

OTCMKTS:BASFY opened at $17.74 on Tuesday. Basf has a 1 year low of $15.50 and a 1 year high of $24.05. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.43. The stock has a market cap of $65.18 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 1.64 and a beta of 1.15. The stock has a 50-day moving average price of $16.51 and a two-hundred day moving average price of $17.93.



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, such as isocyanates and polyamides, as well as inorganic basic products and specialties for plastic and plastic processing industries.

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Analyst Recommendations for Basf (OTCMKTS:BASFY)

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