Brenntag (OTCMKTS:BNTGY) Sees Large Volume Increase – Should You Buy?

Brenntag AG (OTCMKTS:BNTGY) shares saw strong trading volume on Monday . 83,428 shares traded hands during mid-day trading, an increase of 268% from the previous session’s volume of 22,643 shares.The stock last traded at $11.96 and had previously closed at $12.18.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Morgan Stanley downgraded shares of Brenntag from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, January 6th. Zacks Research raised Brenntag from a “strong sell” rating to a “hold” rating in a research report on Friday, October 17th. UBS Group downgraded Brenntag from a “hold” rating to a “sell” rating in a report on Friday, October 10th. BNP Paribas Exane started coverage on Brenntag in a research note on Monday, October 20th. They issued a “neutral” rating and a $12.80 price objective for the company. Finally, Citigroup restated a “neutral” rating on shares of Brenntag in a research report on Friday, November 14th. Six investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Price Performance

The firm has a market capitalization of $8.61 billion, a PE ratio of 18.64 and a beta of 0.75. The company has a fifty day moving average of $11.58 and a 200-day moving average of $11.84.

Brenntag (OTCMKTS:BNTGY) last issued its 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 during the quarter, compared to analyst estimates of $4.32 billion. Brenntag had a return on equity of 9.14% and a net margin of 2.66%. Equities analysts anticipate that Brenntag AG will post 0.9 EPS for the current year.

About Brenntag

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.