Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Time to Buy?

Brenntag AG (OTCMKTS:BNTGY) gapped up before the market opened on Wednesday . The stock had previously closed at $11.93, but opened at $13.02. Brenntag shares last traded at $13.02, with a volume of 890 shares traded.

Wall Street Analyst Weigh In

BNTGY has been the topic of a number of analyst reports. Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. BNP Paribas Exane assumed coverage on shares of Brenntag in a research report on Monday, October 20th. They set a “neutral” rating and a $12.80 target price on the stock. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Morgan Stanley cut shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Finally, UBS Group lowered shares of Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Performance

The stock has a market capitalization of $9.47 billion, a PE ratio of 20.50 and a beta of 0.75. The company’s fifty day simple moving average is $11.72 and its two-hundred day simple moving average is $11.85.

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