Brenntag (OTCMKTS:BNTGY) Shares Up 0.9% - Still a Buy?

Key Points

• Brenntag AG shares increased by 0.9% during trading to $13.39, though trading volume dropped by 23% compared to the average.
• Recent analyst reports have seen a downgrade in Brenntag's ratings, with DZ Bank changing their stance from "strong-buy" to "strong sell," while the consensus rating now stands at "Hold."
• The company announced a dividend of $0.2696 per share, reflecting a dividend yield of 2%, an improvement from the previous dividend rate.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) shot up 0.9% during mid-day trading on Friday . The company traded as high as $13.41 and last traded at $13.39. 14,954 shares were traded during mid-day trading, a decline of 23% from the average session volume of 19,420 shares. The stock had previously closed at $13.27.

Analyst Ratings Changes

A number of brokerages recently issued reports on BNTGY. DZ Bank lowered Brenntag from a "strong-buy" rating to a "strong sell" rating in a report on Thursday, May 15th. Berenberg Bank lowered Brenntag from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 3rd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Brenntag Price Performance

The business has a fifty day simple moving average of $13.34 and a two-hundred day simple moving average of $13.08. The company has a market cap of $9.67 billion, a PE ratio of 16.95 and a beta of 0.87.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last posted its earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.04). Brenntag had a return on equity of 11.47% and a net margin of 3.24%. On average, equities research analysts predict that Brenntag AG will post 0.9 EPS for the current year.

Brenntag Increases Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, June 11th. Stockholders of record on Monday, May 26th were issued a dividend of $0.2696 per share. This represents a dividend yield of 2%. The ex-dividend date was Friday, May 23rd. This is a positive change from Brenntag's previous dividend of $0.05. Brenntag's dividend payout ratio is currently 35.44%.

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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