Brenntag AG (OTCMKTS:BNTGY) Receives $12.80 Consensus Target Price from Brokerages

Shares of Brenntag AG (OTCMKTS:BNTGY) have earned a consensus recommendation of “Reduce” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.80.

A number of equities research analysts have issued reports on the stock. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft cut shares of Brenntag from a “buy” rating to a “hold” rating in a report on Tuesday, June 16th. UBS Group raised shares of Brenntag from a “sell” rating to a “neutral” rating in a research note on Thursday, April 30th. Finally, Jefferies Financial Group upgraded Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th.

Brenntag Price Performance

OTCMKTS:BNTGY opened at $13.46 on Tuesday. The stock has a market cap of $9.72 billion, a PE ratio of 36.37 and a beta of 0.65. Brenntag has a fifty-two week low of $10.19 and a fifty-two week high of $14.97. The stock’s 50-day moving average is $12.99 and its two-hundred day moving average is $12.80.

Brenntag (OTCMKTS:BNTGY) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Brenntag had a return on equity of 5.28% and a net margin of 1.55%.The company had revenue of $4.29 billion during the quarter, compared to analysts’ expectations of $4.33 billion. On average, equities research analysts anticipate that Brenntag will post 0.8 earnings per share 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.