Brenntag AG (OTCMKTS:BNTGY) Stock Now Rated "Reduce" by Sell-Side Analysts

Key Points

• Brenntag’s average analyst rating is “Reduce”: one of seven analysts rates the stock a sell, while six recommend holding it. DZ Bank upgraded the shares from “strong sell” to “hold,” while Morgan Stanley maintained an “underweight” rating.
• BNTGY opened at $13.85, with a market capitalization of approximately $10 billion and a 52-week range of $10.19 to $14.97.
• Brenntag exceeded quarterly expectations, reporting $0.29 in earnings per share versus the $0.25 consensus estimate and $4.96 billion in revenue versus expectations of $4.66 billion.

Brenntag AG (OTCMKTS:BNTGY - Get Free Report) has been given an average rating of "Reduce" by the seven ratings firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company.

Several brokerages recently commented on BNTGY. DZ Bank raised shares of Brenntag from a "strong sell" rating to a "hold" rating in a research note on Monday, July 27th. Morgan Stanley reiterated an "underweight" rating on shares of Brenntag in a research note on Friday, August 14th.

Brenntag Stock Performance

OTCMKTS:BNTGY opened at $13.85 on Thursday. The business's fifty day moving average is $13.92 and its 200 day moving average is $13.23. The firm has a market cap of $10.00 billion, a price-to-earnings ratio of 23.47 and a beta of 0.62. Brenntag has a 52-week low of $10.19 and a 52-week high of $14.97.

Brenntag (OTCMKTS:BNTGY - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. Brenntag had a return on equity of 8.30% and a net margin of 2.41%. The firm had revenue of $4.96 billion for the quarter, compared to analysts' expectations of $4.66 billion. Equities analysts predict that Brenntag will post 0.85 EPS for the current fiscal year.

Brenntag Company Profile

Brenntag SE is a Germany-based global distributor of chemicals and related ingredients. The company supplies a broad portfolio of industrial and specialty chemicals to customers in industries such as water treatment, agriculture, food and nutrition, pharmaceuticals, personal care, coatings, and energy.

In addition to sourcing and distributing chemical products, Brenntag provides services that support customers and suppliers throughout the supply chain. These services include storage, transportation, blending and mixing, formulation, packaging, technical support, regulatory assistance, and other customized supply-chain solutions.

Founded in Berlin in 1874, Brenntag has developed into an international chemical distribution business serving customers across Europe, North and Latin America, Asia-Pacific, and other global markets.

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