Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Should You Buy?

Brenntag AG (OTCMKTS:BNTGY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $11.93, but opened at $13.02. Brenntag shares last traded at $13.02, with a volume of 890 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on BNTGY. Citigroup restated a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. UBS Group cut shares of Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Barclays upgraded shares of Brenntag to a “hold” rating in a research report on Thursday, January 15th. Zacks Research upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, October 17th. Finally, Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Six analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Stock Performance

The stock has a market capitalization of $9.59 billion, a PE ratio of 20.77 and a beta of 0.75. The firm’s 50 day moving average is $11.61 and its two-hundred day moving average is $11.83.

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