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

Brenntag AG (OTCMKTS:BNTGY) has received a consensus recommendation of “Reduce” from the eight research firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.80.

BNTGY has been the topic of a number of research reports. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Finally, UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th.

Brenntag Price Performance

BNTGY stock opened at $13.41 on Tuesday. Brenntag has a 1-year low of $10.19 and a 1-year high of $14.97. The firm has a fifty day moving average price of $12.97 and a two-hundred day moving average price of $12.80. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 36.24 and a beta of 0.65.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $4.29 billion during the quarter, compared to analyst estimates of $4.33 billion. Brenntag had a net margin of 1.55% and a return on equity of 5.28%. As a group, analysts expect that Brenntag will post 0.8 EPS for the current fiscal 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.