Brenntag (OTCMKTS:BNTGY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Brenntag (OTCMKTS:BNTGY) from a strong-buy rating to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

According to Zacks, “Brenntag AG engages in the production and distribution of chemicals. It operates through the North America, Latin America, EMEA and Asia Pacific segments. Brenntag AG is headquartered in Mülheim an der Ruhr, Germany. “

Several other brokerages also recently commented on BNTGY. JPMorgan Chase & Co. reissued an overweight rating on shares of Brenntag in a research report on Monday, November 1st. Berenberg Bank reissued a buy rating on shares of Brenntag in a research report on Monday, October 4th. Finally, Barclays began coverage on shares of Brenntag in a research report on Tuesday, November 9th. They set an overweight rating on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Brenntag has an average rating of Hold and an average target price of $21.00.

Shares of BNTGY stock opened at $17.77 on Tuesday. Brenntag has a one year low of $15.21 and a one year high of $20.99. The company’s 50-day moving average is $17.65 and its 200 day moving average is $18.87. The company has a market capitalization of $13.73 billion, a price-to-earnings ratio of 23.08 and a beta of 1.41.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Thursday, November 4th. The company reported $0.24 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.02). Brenntag had a net margin of 3.78% and a return on equity of 13.58%. The firm had revenue of $4.41 billion for the quarter. As a group, analysts anticipate that Brenntag will post 0.87 EPS for the current year.

Brenntag Company Profile

Brenntag SE engages in the production and distribution of chemicals. It operates through the following geographical segments: Brenntag Essentials and Brenntag Specialties. The Brenntag Essentials segment markets a portfolio of process chemicals to the industries and applications. The Brenntag Specialties segment focuses on selling ingredients and value-added services to the selected industries Nutrition, Pharma, Personal Care/HI&I(Home, Industrial & Institutional), Material Science (Coatings & Constructions, Polymers, Rubber), Water Treatment and Lubricants.

Further Reading: Are sell-side analysts objective?

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Analyst Recommendations for Brenntag (OTCMKTS:BNTGY)

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