Brenntag (OTCMKTS:BNTGY) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of Brenntag (OTCMKTS:BNTGYGet Rating) from a sell rating to a hold rating in a research note issued to investors on Tuesday, Zacks.com reports.

According to Zacks, “Brenntag AG engages in the production and distribution of chemicals. It operates through the North America, Latin America, EMEA and Asia Pacific segments. Brenntag AG is headquartered in Mülheim an der Ruhr, Germany. “

Separately, Credit Suisse Group lowered their price objective on shares of Brenntag from €100.00 ($105.26) to €90.00 ($94.74) and set an outperform rating on the stock in a research report on Monday, March 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Buy and a consensus price target of $54.50.

Brenntag stock opened at $14.25 on Tuesday. The firm’s 50 day simple moving average is $15.63 and its 200-day simple moving average is $16.96. The company has a market cap of $11.01 billion, a P/E ratio of 20.65 and a beta of 1.32. Brenntag has a fifty-two week low of $13.79 and a fifty-two week high of $20.99.

Brenntag (OTCMKTS:BNTGYGet Rating) last released its earnings results on Wednesday, March 9th. The company reported $0.09 earnings per share for the quarter. Brenntag had a net margin of 3.12% and a return on equity of 11.62%. The business had revenue of $4.78 billion for the quarter. As a group, research analysts predict that Brenntag will post 1 earnings per share for the current fiscal year.

Brenntag Company Profile (Get Rating)

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company operates through the divisions Brenntag Essentials and Brenntag Specialties. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals.

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