Brenntag AG (OTCMKTS:BNTGY) Given Average Recommendation of "Reduce" by Brokerages

Key Points

• Brenntag AG has a consensus analyst rating of "Reduce" from eight brokerages, with one sell and seven hold ratings. The average 1-year price target is $12.80.
• The stock was down 2.8%, opening at $13.21, and trades near the middle of its 12-month range of $10.19 to $14.97.
• In its latest quarterly report, Brenntag posted $0.16 EPS, missing expectations of $0.18, while revenue came in slightly below estimates at $4.29 billion.

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) have been given a consensus rating of "Reduce" by the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $12.80.

Several brokerages recently commented on BNTGY. UBS Group raised shares of Brenntag from a "sell" rating to a "neutral" rating in a research report on Thursday, April 30th. Morgan Stanley reissued an "underweight" rating on shares of Brenntag in a research report on Friday, May 15th. Jefferies Financial Group upgraded shares of Brenntag from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Brenntag from a "buy" rating to a "hold" rating in a report on Tuesday, June 16th.

Brenntag Stock Down 2.8%

Shares of BNTGY opened at $13.21 on Tuesday. The company has a market cap of $9.54 billion, a price-to-earnings ratio of 35.70 and a beta of 0.65. Brenntag has a twelve month low of $10.19 and a twelve month high of $14.97. The company has a 50 day moving average of $13.06 and a two-hundred day moving average of $12.76.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced 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). Brenntag had a net margin of 1.55% and a return on equity of 5.28%. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion. On average, sell-side analysts expect that Brenntag will post 0.8 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.

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