Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Should You Buy?

Brenntag AG (OTCMKTS:BNTGYGet Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $12.79, but opened at $13.67. Brenntag shares last traded at $13.67, with a volume of 211 shares.

Analyst Ratings Changes

A number of equities analysts have issued reports on BNTGY shares. Deutsche Bank Aktiengesellschaft lowered Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Morgan Stanley reissued an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Brenntag presently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Check Out Our Latest Stock Analysis on BNTGY

Brenntag Stock Performance

The company’s 50 day moving average price is $13.16 and its 200-day moving average price is $12.69. The company has a market cap of $9.77 billion, a price-to-earnings ratio of 36.59 and a beta of 0.65.

Brenntag (OTCMKTS:BNTGYGet Free Report) last released its 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 for 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, sell-side analysts forecast that Brenntag AG will post 0.8 earnings per share for the current year.

About Brenntag

(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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