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

Key Points

• Analysts broadly rate Brenntag “Reduce”: Of nine analysts, one recommends selling and eight recommend holding. The average 12-month price target is $12.80, below the stock’s reported price of $14.15.
• Recent rating changes remain cautious: Several firms upgraded Brenntag from sell-related ratings to hold or neutral, while Morgan Stanley maintained an underweight rating and Deutsche Bank downgraded the stock from buy to hold.
• Quarterly results exceeded expectations: Brenntag reported earnings of $0.29 per share versus the $0.25 consensus estimate, while revenue reached $4.96 billion compared with the $4.66 billion forecast.

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) have earned an average rating of "Reduce" from the nine analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.80.

Several research firms recently commented on BNTGY. DZ Bank upgraded shares of Brenntag from a "strong sell" rating to a "hold" rating in a research report on Monday, July 27th. Morgan Stanley reissued an "underweight" rating on shares of Brenntag in a research report on Friday. Jefferies Financial Group upgraded shares of Brenntag from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut shares of Brenntag from a "buy" rating to a "hold" rating in a report on Tuesday, June 16th. Finally, UBS Group upgraded shares of Brenntag from a "sell" rating to a "neutral" rating in a research note on Thursday, April 30th.

Brenntag Stock Up 1.4%

BNTGY opened at $14.15 on Friday. Brenntag has a 52 week low of $10.19 and a 52 week high of $14.97. The business's 50 day moving average is $13.24 and its two-hundred day moving average is $13.07. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 23.98 and a beta of 0.63.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $4.96 billion during the quarter, compared to the consensus estimate of $4.66 billion. Brenntag had a return on equity of 8.34% and a net margin of 2.41%. Equities analysts expect that Brenntag will post 0.8 EPS for the current fiscal 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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