Brenntag (OTCMKTS:BNTGY) Trading Up 0.9% - What's Next?

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)'s stock price was up 0.9% during mid-day trading on Friday . The stock traded as high as $13.41 and last traded at $13.39. Approximately 14,954 shares traded hands during mid-day trading, a decline of 23% from the average daily volume of 19,420 shares. The stock had previously closed at $13.27.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on BNTGY shares. DZ Bank downgraded Brenntag from a "strong-buy" rating to a "strong sell" rating in a research report on Thursday, May 15th. Berenberg Bank downgraded Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. One research 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, Brenntag presently has an average rating of "Hold".

Brenntag Stock Down 0.9%

The stock's 50-day moving average price is $13.33 and its 200 day moving average price is $13.11. The firm has a market cap of $9.40 billion, a price-to-earnings ratio of 16.49 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 net margin of 3.24% and a return on equity of 11.47%. On average, research analysts predict that Brenntag AG will post 0.9 EPS for the current year.

Brenntag Increases Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were paid a dividend of $0.2696 per share. This represents a yield of 2%. This is a boost from Brenntag's previous dividend of $0.05. The ex-dividend date was Friday, May 23rd. Brenntag's dividend payout ratio is currently 34.18%.

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.