Brenntag (OTCMKTS:BNTGY) Shares Gap Up – What’s Next?

Brenntag AG (OTCMKTS:BNTGY) gapped up before the market opened on Tuesday . The stock had previously closed at $12.79, but opened at $13.67. Brenntag shares last traded at $13.67, with a volume of 211 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on BNTGY shares. Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 20th. Deutsche Bank Aktiengesellschaft cut Brenntag from a “buy” rating to a “hold” rating in a research note on Tuesday, June 16th. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brenntag currently has an average rating of “Reduce” and a consensus price target of $12.80.

Brenntag Stock Down 0.1%

The firm has a market capitalization of $9.78 billion, a price-to-earnings ratio of 36.62 and a beta of 0.65. The business has a 50-day moving average of $13.11 and a two-hundred day moving average of $12.72.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.02). Brenntag had a net margin of 1.55% and a return on equity of 5.28%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.33 billion. Equities analysts predict that Brenntag AG will post 0.8 EPS for the current fiscal 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.