Brenntag (OTCMKTS:BNTGY) Shares Gap Down – Here’s Why

Brenntag AG (OTCMKTS:BNTGY) gapped down prior to trading on Tuesday . The stock had previously closed at $12.06, but opened at $11.30. Brenntag shares last traded at $11.30, with a volume of 1,033 shares changing hands.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BNTGY shares. Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday, November 14th. Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. Finally, BNP Paribas assumed coverage on Brenntag in a research note on Monday, October 20th. They issued a “neutral” rating and a $12.80 price target for the company. Six analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Down 3.6%

The firm’s 50-day simple moving average is $11.45 and its 200 day simple moving average is $11.92. The stock has a market capitalization of $8.10 billion, a P/E ratio of 17.53 and a beta of 0.75.

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