Brenntag (OTCMKTS:BNTGY) Reaches New 1-Year High - Here's Why

Key Points

• Shares of Brenntag hit a new 52-week high of $14.15 during mid-day trading (up about 3.5%), with roughly 1,813 shares changing hands.
• Wall Street sentiment is cautious: the stock's average analyst rating is "Reduce" with an average target of $12.80 (six Hold and three Sell ratings), even as Barclays moved to Hold and Morgan Stanley downgraded to Underweight.
• Brenntag recently missed quarterly estimates—EPS of ($0.04) vs. a $0.24 consensus and revenue of $4.09B vs. $4.22B—while posting a low net margin (1.71%) and modest ROE (5.89%).

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $14.15 and last traded at $14.15, with a volume of 1813 shares changing hands. The stock had previously closed at $13.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Brenntag to a "hold" rating in a report on Thursday, January 15th. Morgan Stanley cut shares of Brenntag from an "equal weight" rating to an "underweight" rating in a report on Tuesday, January 6th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $12.80.

Brenntag Trading Up 3.5%

The business's fifty day simple moving average is $12.50 and its 200-day simple moving average is $11.87. The firm has a market cap of $10.19 billion, a P/E ratio of 34.41 and a beta of 0.66.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last issued its earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.28). The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $4.22 billion. Brenntag had a net margin of 1.71% and a return on equity of 5.89%. As a group, research analysts expect that Brenntag AG will post 0.9 earnings per share for the current fiscal 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.

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