Brenntag AG (OTCMKTS:BNTGY) Receives Consensus Rating of “Reduce” from Brokerages

Shares of Brenntag AG (OTCMKTS:BNTGY) have been assigned a consensus rating of “Reduce” from the nine analysts that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.80.

Several equities analysts recently commented on the stock. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Barclays upgraded shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th.

Brenntag Stock Performance

Shares of BNTGY opened at $11.38 on Wednesday. Brenntag has a 52-week low of $10.19 and a 52-week high of $14.50. The stock’s 50-day simple moving average is $12.08 and its 200 day simple moving average is $11.73. The stock has a market capitalization of $8.22 billion, a price-to-earnings ratio of 27.76 and a beta of 0.75.

Brenntag (OTCMKTS:BNTGY) last posted its earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). Brenntag had a net margin of 1.71% and a return on equity of 5.88%. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $4.22 billion. On average, research analysts forecast that Brenntag will post 0.9 earnings per share for the current fiscal year.

About Brenntag

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.