Brenntag AG (OTCMKTS:BNTGY) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Brenntag AG (OTCMKTS:BNTGY) have been given an average rating of “Reduce” by the nine brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.80.

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. BNP Paribas Exane began coverage on Brenntag in a report on Monday, October 20th. They set a “neutral” rating and a $12.80 price objective on the stock. Citigroup restated a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Finally, Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th.

Brenntag Trading Up 0.3%

Shares of BNTGY opened at $11.92 on Tuesday. Brenntag has a 12-month low of $10.52 and a 12-month high of $14.82. The company has a market cap of $8.61 billion, a PE ratio of 18.63 and a beta of 0.75. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.87.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). Brenntag had a net margin of 2.66% and a return on equity of 9.14%. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.32 billion. As a group, analysts predict that Brenntag will post 0.9 earnings per share for the current year.

About Brenntag

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.