Basf (OTCMKTS:BASFY) Rating Lowered to “Moderate Sell” at Jefferies Financial Group

Basf (OTCMKTS:BASFY) was downgraded by equities research analysts at Jefferies Financial Group from a “hold” rating to a “moderate sell” rating in a report issued on Wednesday, Zacks reports.

A number of other analysts also recently issued reports on BASFY. Citigroup reiterated a “buy” rating on shares of Basf in a research note on Thursday, September 3rd. Deutsche Bank downgraded shares of Basf from a “buy” rating to a “hold” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Basf Trading Down 0.9%

Basf stock opened at $15.13 on Wednesday. Basf has a one year low of $12.04 and a one year high of $16.25. The business’s fifty day moving average is $14.85 and its 200 day moving average is $14.63. The stock has a market capitalization of $54.02 billion, a PE ratio of 17.96, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.19.

Basf (OTCMKTS:BASFY) last issued its earnings results on Wednesday, October 28th. The basic materials company reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.09. The business had revenue of $18.20 billion during the quarter, compared to analyst estimates of $18.03 billion. Basf had a return on equity of 6.92% and a net margin of 9.11%. On average, sell-side analysts predict that Basf will post 0.82 EPS for the current year.

About Basf

BASF SE is a German chemical company that develops, produces and sells chemicals and related products for businesses across a wide range of industries. Its portfolio includes chemicals and materials, industrial solutions, surface technologies, products for nutrition and personal care, and agricultural solutions such as crop protection products and seeds. Founded in 1865, BASF is headquartered in Ludwigshafen, Germany, and serves customers around the world. Its products are used in areas including manufacturing, transportation, construction, agriculture and consumer goods.