Brenntag (OTCMKTS:BNTGY) Shares Gap Down – What’s Next?

Brenntag AG (OTCMKTS:BNTGYGet Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $13.90, but opened at $13.23. Brenntag shares last traded at $13.2250, with a volume of 694 shares traded.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, May 15th. UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Eight research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $12.80.

Get Our Latest Stock Analysis on BNTGY

Brenntag Trading Down 0.5%

The company has a 50-day moving average price of $13.43 and a two-hundred day moving average price of $12.34. The stock has a market capitalization of $9.56 billion, a P/E ratio of 35.78 and a beta of 0.67.

Brenntag (OTCMKTS:BNTGYGet Free Report) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). Brenntag had a return on equity of 5.38% and a net margin of 1.55%.The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.33 billion.

Brenntag Company Profile

(Get Free Report)

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.

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