Berenberg Bank Downgrades FUCHS (OTCMKTS:FUPBY) to Hold

FUCHS (OTCMKTS:FUPBY) was downgraded by Berenberg Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of FUCHS in a research report on Tuesday, July 7th. Kepler Capital Markets lowered FUCHS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 31st. Finally, DZ Bank upgraded FUCHS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

FUCHS Stock Down 1.6%

Shares of OTCMKTS:FUPBY opened at $11.41 on Monday. The stock has a 50 day moving average price of $11.18 and a 200-day moving average price of $10.97. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.37 and a current ratio of 2.32. The firm has a market capitalization of $5.98 billion, a P/E ratio of 16.30, a P/E/G ratio of 2.93 and a beta of 0.93. FUCHS has a 52-week low of $9.27 and a 52-week high of $12.44.

FUCHS (OTCMKTS:FUPBY) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.17 by $0.03. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. FUCHS had a return on equity of 16.57% and a net margin of 8.91%. As a group, equities research analysts anticipate that FUCHS will post 0.71 EPS for the current fiscal year.

FUCHS Company Profile

FUCHS Petrolub SE, traded over the counter under the symbol FUPBY, is a German-based manufacturer specialized in the development, production and marketing of lubricants and related specialty products. Founded in 1931 by Rudolf Fuchs and headquartered in Mannheim, Germany, the company has grown to become the world’s largest independent supplier of lubricants, serving a broad spectrum of industries from automotive and metalworking to mining and renewable energy.

The company’s product portfolio encompasses engine oils, industrial lubricants, greases, hydraulic fluids, metalworking fluids and process oils, as well as tailor-made solutions for customers’ specific requirements.