Brenntag AG (OTCMKTS:BNTGY) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Brenntag AG (OTCMKTS:BNTGY) have been given a consensus recommendation of “Reduce” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $12.80.

A number of research firms have issued reports on BNTGY. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, August 14th. Deutsche Bank Aktiengesellschaft downgraded Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Monday, July 27th.

Brenntag Trading Down 0.6%

Brenntag stock opened at $13.98 on Wednesday. Brenntag has a 1-year low of $10.19 and a 1-year high of $14.97. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 23.69 and a beta of 0.63. The firm’s fifty day moving average price is $13.95 and its two-hundred day moving average price is $13.28.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 earnings per share (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 8.34%. The firm had revenue of $4.96 billion during the quarter, compared to analysts’ expectations of $4.66 billion. On average, research analysts forecast that Brenntag will post 0.85 EPS for the current year.

Brenntag Company Profile

Brenntag SE is a Germany-based chemical distribution company that supplies industrial and specialty chemicals to customers in a broad range of industries. Its product portfolio includes solvents, acids, gases, solvents, additives, and other chemical raw materials used in sectors such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, and energy.

The company operates through two principal business areas: Essentials, which focuses on widely used industrial chemicals, and Specialties, which provides higher-value chemicals and application-specific solutions.