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

Key Points

• Brenntag AG's stock has reached a new 52-week low, trading at $10.94, down from a previous close of $11.26.
• Recent analyst ratings have been negative, with UBS Group and Berenberg Bank downgrading the stock to "sell" and "hold", reflecting a consensus rating of "Reduce".
• The company reported poor earnings results, with earnings per share of $0.07, missing the consensus estimate of $0.22 by $0.15.

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $10.94 and last traded at $10.94, with a volume of 922 shares trading hands. The stock had previously closed at $11.26.

Wall Street Analyst Weigh In

BNTGY has been the topic of a number of recent analyst reports. UBS Group lowered shares of Brenntag from a "hold" rating to a "sell" rating in a report on Friday. Berenberg Bank lowered shares of Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Brenntag in a research note on Wednesday, September 24th. Four investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

Brenntag Stock Down 2.7%

The company has a market capitalization of $7.91 billion, a P/E ratio of 17.12 and a beta of 0.85. The company's 50-day simple moving average is $12.21 and its 200 day simple moving average is $12.80.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.15). The business had revenue of $4.39 billion during the quarter, compared to the consensus estimate of $4.14 billion. Brenntag had a return on equity of 9.19% and a net margin of 2.62%. As a group, equities research analysts forecast that Brenntag AG will post 0.9 earnings per share for the current year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.

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