Brenntag (OTCMKTS:BNTGY) Trading Down 2.8% - What's Next?

Key Points

• Brenntag AG's shares fell by 2.8% to $10.94, with a notable increase in trading volume of 87,453 shares compared to the average of 63,363 shares.
• Analysts have given the stock a consensus rating of "Reduce," with four ratings as "Hold" and two as "Sell."
• The company's last earnings report revealed an EPS of $0.07, missing expectations of $0.22, despite reporting revenue of $4.39 billion, higher than the anticipated $4.14 billion.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) shares fell 2.8% on Tuesday . The stock traded as low as $10.93 and last traded at $10.94. 87,453 shares were traded during mid-day trading, an increase of 38% from the average session volume of 63,363 shares. The stock had previously closed at $11.26.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BNTGY. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Brenntag in a research note on Wednesday, September 24th. Berenberg Bank lowered shares of Brenntag from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 3rd. Finally, UBS Group lowered shares of Brenntag from a "hold" rating to a "sell" rating in a research report on Friday. Four investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce".

Brenntag Stock Down 2.8%

The business's 50-day moving average price is $12.18 and its 200 day moving average price is $12.78. The company has a market capitalization of $7.90 billion, a P/E ratio of 17.09 and a beta of 0.85.

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