Brenntag (OTCMKTS:BNTGY) Trading 0.9% Higher - Should You Buy?

Brenntag SE (OTCMKTS:BNTGY - Get Free Report) shot up 0.9% during trading on Tuesday . The stock traded as high as $14.14 and last traded at $14.03. 15,394 shares changed hands during trading, a decline of 77% from the average session volume of 68,114 shares. The stock had previously closed at $13.90.

Analysts Set New Price Targets

Separately, DZ Bank cut shares of Brenntag from a "strong-buy" rating to a "strong sell" rating in a research note on Thursday, May 15th.

Brenntag Trading Down 0.3%

The firm has a market cap of $10.06 billion, a PE ratio of 17.21 and a beta of 0.89. The company has a 50 day moving average price of $13.18 and a 200 day moving average price of $12.91.

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 the consensus estimate of $0.24 by ($0.04). Brenntag had a net margin of 3.36% and a return on equity of 12.24%. As a group, equities research analysts anticipate that Brenntag SE will post 0.9 earnings per share for the current fiscal year.

Brenntag Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, June 11th. Shareholders of record on Monday, May 26th were issued a dividend of $0.2696 per share. This is an increase from Brenntag's previous dividend of $0.05. This represents a yield of 2%. The ex-dividend date of this dividend was Friday, May 23rd. Brenntag's dividend payout ratio (DPR) is 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.