Brenntag (OTCMKTS:BNTGY) Upgraded by DZ Bank to “Hold” Rating

Brenntag (OTCMKTS:BNTGY) was upgraded by analysts at DZ Bank from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Several other brokerages also recently weighed in on BNTGY. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft lowered Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. Eight investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

BNTGY stock opened at $13.78 on Monday. The company has a market capitalization of $9.95 billion, a P/E ratio of 37.25 and a beta of 0.65. Brenntag has a 12 month low of $10.19 and a 12 month high of $14.97. The firm’s fifty day simple moving average is $12.95 and its 200-day simple moving average is $12.84.

Brenntag (OTCMKTS:BNTGY) last issued its earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). The business had revenue of $4.29 billion for the quarter, compared to analysts’ expectations of $4.33 billion. Brenntag had a return on equity of 5.28% and a net margin of 1.55%. As a group, sell-side analysts forecast that Brenntag will post 0.8 earnings per share 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.