Brenntag (OTCMKTS:BNTGY) Shares Gap Up - Here's Why

Key Points

• Brenntag shares gapped up pre-market, opening at $11.98 versus the prior close of $11.1150 and last trading at $12.01, a roughly 7.8% rise on thin volume (2,109 shares).
• Analyst sentiment is cautious with a MarketBeat consensus of Reduce and an average price target of $12.80; six analysts rate Hold and three rate Sell, including a recent downgrade from Morgan Stanley to Underweight and a Hold from Barclays.
• The company recently missed quarterly estimates, reporting ($0.04) EPS vs. $0.24 expected and $4.09B revenue vs. $4.22B expected, while showing a net margin of 1.71% and a market cap of $8.65B.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.1150, but opened at $11.98. Brenntag shares last traded at $12.01, with a volume of 2,109 shares changing hands.

Analyst Upgrades and Downgrades

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

Brenntag Stock Up 7.8%

The company has a market cap of $8.65 billion, a P/E ratio of 29.24 and a beta of 0.75. The business has a fifty day moving average of $12.05 and a 200 day moving average of $11.71.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.28). The company had revenue of $4.09 billion during 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 5.88%. On average, sell-side analysts anticipate that Brenntag AG will post 0.9 EPS 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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