Brenntag AG (OTCMKTS:BNTGY – Get Free Report)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $11.1150, but opened at $11.98. Brenntag shares last traded at $12.01, with a volume of 2,109 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on the stock. Morgan Stanley lowered shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Barclays raised shares of Brenntag to a “hold” rating in a research note on Thursday, January 15th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $12.80.
Check Out Our Latest Research Report on BNTGY
Brenntag Stock Up 7.8%
Brenntag (OTCMKTS:BNTGY – Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.28). The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $4.22 billion. Brenntag had a net margin of 1.71% and a return on equity of 5.88%. On average, sell-side analysts anticipate that Brenntag AG will post 0.9 EPS for the current fiscal year.
About Brenntag
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.
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