Shares of Brenntag AG (OTCMKTS:BNTGY – Get Free Report) saw unusually-high trading volume on Friday . Approximately 72,016 shares traded hands during trading, an increase of 34% from the previous session’s volume of 53,674 shares.The stock last traded at $13.82 and had previously closed at $13.82.
Analyst Upgrades and Downgrades
BNTGY has been the topic of several recent analyst reports. Morgan Stanley downgraded Brenntag from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 6th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $12.80.
Check Out Our Latest Analysis on Brenntag
Brenntag Stock Performance
Brenntag (OTCMKTS:BNTGY – Get Free Report) last released its earnings results on Thursday, March 12th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.28). Brenntag had a return on equity of 5.88% and a net margin of 1.71%.The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.22 billion. Sell-side analysts predict that Brenntag AG will post 0.9 EPS for the current 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.
Further Reading
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