Brenntag (OTCMKTS:BNTGY) Upgraded by BNP Paribas to “Hold” Rating

Brenntag (OTCMKTS:BNTGY) was upgraded by equities research analysts at BNP Paribas to a “hold” rating in a research note issued on Monday,Zacks.com reports.

A number of other brokerages have also recently issued reports on BNTGY. UBS Group cut shares of Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Berenberg Bank cut shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 3rd. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Six equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

BNTGY stock opened at $11.66 on Monday. The company has a fifty day moving average price of $12.04 and a two-hundred day moving average price of $12.74. Brenntag has a one year low of $10.93 and a one year high of $14.82. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of 18.22 and a beta of 0.85.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.15). Brenntag had a return on equity of 9.19% and a net margin of 2.62%.The company had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.14 billion. Research analysts anticipate that Brenntag will post 0.9 EPS for the current fiscal year.

Brenntag Company Profile

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.