Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Should You Buy?
by Renee Jackson · The Cerbat GemShares of Brenntag AG (OTCMKTS:BNTGY – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $11.47, but opened at $11.97. Brenntag shares last traded at $11.4750, with a volume of 1,078 shares trading hands.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on BNTGY shares. Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a report on Wednesday, September 24th. BNP Paribas 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. Citigroup reaffirmed a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Finally, UBS Group lowered shares of Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Six research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Brenntag currently has an average rating of “Reduce” and a consensus price target of $12.80.
View Our Latest Stock Analysis on BNTGY
Brenntag Stock Performance
The stock has a market capitalization of $8.28 billion, a PE ratio of 17.93 and a beta of 0.75. The business has a 50 day moving average of $11.30 and a two-hundred day moving average of $12.17.
Brenntag (OTCMKTS:BNTGY – Get Free Report) last posted its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Brenntag had a return on equity of 9.14% and a net margin of 2.66%. On average, equities analysts expect 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.