Brenntag (OTCMKTS:BNTGY) Sees Strong Trading Volume – Here’s What Happened

Brenntag AG (OTCMKTS:BNTGY) shares saw unusually-strong trading volume on Wednesday . Approximately 146,468 shares changed hands during mid-day trading, an increase of 202% from the previous session’s volume of 48,465 shares.The stock last traded at $14.3576 and had previously closed at $14.65.

Analysts Set New Price Targets

Several research firms have weighed in on BNTGY. Barclays upgraded Brenntag to a “hold” rating in a research note on Thursday, January 15th. Morgan Stanley restated an “underweight” rating on shares of Brenntag in a research note on Friday. Finally, UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Seven investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brenntag has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Down 0.1%

The company has a market capitalization of $10.32 billion, a price-to-earnings ratio of 38.64 and a beta of 0.67. The business’s 50-day moving average is $12.99 and its 200-day moving average is $12.20.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.02). The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion. Brenntag had a return on equity of 5.38% and a net margin of 1.55%. As a group, analysts expect that Brenntag AG will post 0.7 EPS for the current year.

Brenntag Company Profile

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.