Brenntag (OTCMKTS:BNTGY) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Brenntag (OTCMKTS:BNTGY) from a strong-buy rating to a hold rating in a report published on Tuesday morning, 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. “

Several other equities analysts have also recently commented on BNTGY. Berenberg Bank reaffirmed a buy rating on shares of Brenntag in a research note on Monday, October 4th. Barclays assumed coverage on shares of Brenntag in a research note on Tuesday, November 9th. They issued an overweight rating for the company. Finally, JPMorgan Chase & Co. reissued an overweight rating on shares of Brenntag in a research note on Monday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, Brenntag has an average rating of Hold and an average price target of $21.00.

Shares of OTCMKTS:BNTGY opened at $17.77 on Tuesday. The company has a 50 day moving average of $17.65 and a 200 day moving average of $18.87. The stock has a market cap of $13.73 billion, a P/E ratio of 23.08 and a beta of 1.41. Brenntag has a 12 month low of $15.21 and a 12 month high of $20.99.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Thursday, November 4th. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.02). The firm had revenue of $4.41 billion for the quarter. Brenntag had a net margin of 3.78% and a return on equity of 13.58%. On average, equities analysts anticipate that Brenntag will post 0.87 earnings per share for the current year.

Brenntag Company Profile

Brenntag SE engages in the production and distribution of chemicals. It operates through the following geographical segments: Brenntag Essentials and Brenntag Specialties. The Brenntag Essentials segment markets a portfolio of process chemicals to the industries and applications. The Brenntag Specialties segment focuses on selling ingredients and value-added services to the selected industries Nutrition, Pharma, Personal Care/HI&I(Home, Industrial & Institutional), Material Science (Coatings & Constructions, Polymers, Rubber), Water Treatment and Lubricants.

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