Brenntag (OTCMKTS:BNTGY) Sees Strong Trading Volume – Still a Buy?

Shares of Brenntag AG (OTCMKTS:BNTGY) saw unusually-high trading volume on Monday . Approximately 83,428 shares were traded during trading, an increase of 268% from the previous session’s volume of 22,643 shares.The stock last traded at $11.96 and had previously closed at $12.18.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Citigroup reiterated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Finally, BNP Paribas Exane initiated coverage on shares of Brenntag in a research note on Monday, October 20th. They set a “neutral” rating and a $12.80 price objective for the company. Six equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Brenntag currently has an average rating of “Reduce” and a consensus target price of $12.80.

Brenntag Price Performance

The firm has a market capitalization of $9.65 billion, a PE ratio of 20.89 and a beta of 0.75. The business’s 50 day moving average is $11.65 and its two-hundred day moving average is $11.84.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.32 billion. Brenntag had a return on equity of 9.14% and a net margin of 2.66%. Analysts expect that Brenntag AG will post 0.9 EPS for the current fiscal year.

Brenntag Company Profile

Brenntag SE, trading on OTCMKTS as BNTGY, is a global market leader in the distribution of chemicals and ingredients. With headquarters in Essen, Germany, the company serves a wide range of industries including coatings and construction, cleaning and water treatment, food and nutrition, pharmaceuticals and personal care, as well as oil and gas. Brenntag operates through two core segments—Essentials and Specialties—offering both standard commodity chemicals and tailored specialty solutions to customers around the world.

Its product portfolio encompasses inorganic and organic chemicals, polymers, petrochemicals and specialty ingredients.