Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Still a Buy?

Brenntag AG (OTCMKTS:BNTGY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $11.56, but opened at $12.05. Brenntag shares last traded at $11.97, with a volume of 1,233 shares traded.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BNTGY shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Brenntag in a research report on Wednesday, September 24th. Citigroup restated a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. UBS Group lowered shares of Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. Finally, Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Trading Up 2.8%

The company’s 50 day simple moving average is $11.36 and its 200-day simple moving average is $11.96. The firm has a market cap of $8.68 billion, a P/E ratio of 18.80 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. On average, sell-side analysts anticipate that Brenntag AG will post 0.9 earnings per share for the current year.

Brenntag Company Profile

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.