Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Here’s Why

Brenntag AG (OTCMKTS:BNTGY)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $13.75, but opened at $14.20. Brenntag shares last traded at $14.21, with a volume of 447 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on BNTGY shares. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a report on Friday, August 14th. Finally, DZ Bank upgraded Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Up 0.8%

The stock’s 50 day moving average is $13.97 and its two-hundred day moving average is $13.59. The company has a market capitalization of $10.30 billion, a PE ratio of 24.19 and a beta of 0.62.

Brenntag (OTCMKTS:BNTGY) last posted its earnings results on Wednesday, August 12th. The company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.04. Brenntag had a net margin of 2.41% and a return on equity of 8.30%. The business had revenue of $4.96 billion for the quarter, compared to the consensus estimate of $4.66 billion. On average, sell-side analysts predict that Brenntag AG will post 0.85 EPS for the current fiscal year.

Brenntag Company Profile

Brenntag SE is a Germany-based global distributor of chemicals and ingredients. The company connects chemical manufacturers with industrial and commercial customers, supplying a broad portfolio of basic and specialty chemicals as well as related products and services.

Its activities include sourcing, storage, blending, formulation, packaging and delivery, along with technical support and other supply-chain services. Brenntag serves customers across industries such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, energy and environmental services.

Founded in 1874 in Berlin, Brenntag has expanded into an international organization serving markets across Europe, North America, Latin America and the Asia-Pacific region.