Brenntag (OTCMKTS:BNTGY) Trading Down 2.1% - Here's Why

Key Points

• Brenntag AG shares fell by 2.1% during mid-day trading, reaching a low of $12.54, significantly below its previous close of $12.84.
• Brokerages have downgraded Brenntag's stock ratings, with DZ Bank shifting from a "strong-buy" to a "strong sell" and Berenberg Bank from a "strong-buy" to a "hold".
• The company's latest quarterly earnings showed a miss in earnings per share (EPS) of $0.07 against an expected $0.22, but reported revenue of $4.39 billion, exceeding estimates of $4.14 billion.

Shares of Brenntag AG (OTCMKTS:BNTGY - Get Free Report) fell 2.1% during mid-day trading on Monday . The stock traded as low as $12.54 and last traded at $12.57. 18,888 shares were traded during trading, a decline of 22% from the average session volume of 24,284 shares. The stock had previously closed at $12.84.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BNTGY. DZ Bank lowered Brenntag from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 15th. Berenberg Bank lowered Brenntag from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 3rd. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce".

Brenntag Stock Performance

The business has a 50-day simple moving average of $12.97 and a 200 day simple moving average of $13.19. The firm has a market cap of $9.07 billion, a P/E ratio of 19.64 and a beta of 0.83.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.15). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.14 billion. Brenntag had a net margin of 2.62% and a return on equity of 9.10%. On average, research analysts expect that Brenntag AG will post 0.9 EPS for the current year.

Brenntag Company Profile

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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