Brenntag (OTCMKTS:BNTGY) Upgraded at Barclays

Barclays upgraded shares of Brenntag (OTCMKTS:BNTGY) to a hold rating in a report released on Thursday morning,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a report on Wednesday, September 24th. UBS Group lowered Brenntag from a “hold” rating to a “sell” rating in a research note on Friday, October 10th. BNP Paribas started coverage on Brenntag in a research report on Monday, October 20th. They set a “neutral” rating and a $12.80 target price for the company. Morgan Stanley cut Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Finally, Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Six research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Brenntag has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Trading Down 3.5%

Brenntag stock opened at $11.64 on Thursday. Brenntag has a 12-month low of $10.52 and a 12-month high of $14.82. The firm has a market capitalization of $8.41 billion, a price-to-earnings ratio of 18.19 and a beta of 0.75. The firm has a 50 day moving average of $11.43 and a 200 day moving average of $11.94.

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