Basf (OTCMKTS:BASFY) Downgraded by Jefferies Financial Group to “Moderate Sell”

Jefferies Financial Group downgraded shares of Basf (OTCMKTS:BASFY) from a hold rating to a moderate sell rating in a research note issued to investors on Wednesday morning,Zacks reports.

Other equities research analysts also recently issued reports about the company. Deutsche Bank downgraded Basf from a “buy” rating to a “hold” rating in a report on Monday, October 26th. Citigroup reiterated 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 issued a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Basf Stock Performance

OTCMKTS BASFY opened at $15.13 on Wednesday. The firm has a market cap of $54.02 billion, a P/E ratio of 7.84, a P/E/G ratio of 1.25 and a beta of 0.80. Basf has a 52-week low of $12.04 and a 52-week high of $16.25. The business’s 50-day moving average price is $14.85 and its 200 day moving average price is $14.63. The company has a quick ratio of 1.19, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Basf (OTCMKTS:BASFY) last posted its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.21 EPS for the quarter, beating 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 firm had revenue of $18.20 billion during the quarter, compared to the consensus estimate of $18.03 billion. On average, equities research analysts expect that Basf will post 0.82 earnings per share 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.