Brenntag (OTCMKTS:BNTGY) Cut to “Strong Sell” at DZ Bank

DZ Bank downgraded shares of Brenntag (OTCMKTS:BNTGY) from a strong-buy rating to a strong sell rating in a research report report published on Thursday morning,Zacks.com reports.

A number of other brokerages have also recently issued reports on BNTGY. UBS Group cut shares of Brenntag from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Barclays upgraded shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, January 17th.

Brenntag Stock Performance

BNTGY stock opened at $13.45 on Thursday. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 16.60 and a beta of 0.93. The firm has a 50 day moving average price of $13.13 and a 200-day moving average price of $12.79. Brenntag has a 52-week low of $11.09 and a 52-week high of $15.13.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, May 14th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. As a group, sell-side analysts forecast that Brenntag will post 0.9 earnings per share for the current fiscal year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.