Basf (OTCMKTS:BASFY) Cut to Moderate Sell at Jefferies Financial Group

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

Several other equities analysts have also issued reports on the company. Deutsche Bank lowered Basf from a “buy” rating to a “hold” rating in a research report on Monday, October 26th. Citigroup reissued a “buy” rating on shares of Basf in a research report on Thursday, September 3rd. 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Basf Stock Down 0.9%

BASFY stock opened at $15.13 on Wednesday. Basf has a twelve month low of $12.04 and a twelve month high of $16.25. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market cap 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 business has a 50 day moving average of $14.85 and a 200 day moving average of $14.63.

Basf (OTCMKTS:BASFY) last released its earnings results on Wednesday, October 28th. The basic materials company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.12 by $0.09. Basf had a return on equity of 6.92% and a net margin of 9.11%. The business had revenue of $18.20 billion for the quarter, compared to the consensus estimate of $18.03 billion. On average, research analysts forecast that Basf will post 0.82 EPS for the current fiscal 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.