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

Brenntag AG (OTCMKTS:BNTGY) has received a consensus recommendation of “Reduce” from the nine research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and eight have assigned a hold recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $12.80.

A number of research firms have recently weighed in on BNTGY. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research report on Friday, May 15th. Finally, UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th.

Brenntag Price Performance

Brenntag stock opened at $12.98 on Monday. The firm has a market cap of $9.37 billion, a PE ratio of 35.08 and a beta of 0.64. Brenntag has a 52-week low of $10.19 and a 52-week high of $14.97. The company’s 50 day moving average is $13.70 and its two-hundred day moving average is $12.47.

Brenntag (OTCMKTS:BNTGY) last released its 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 5.38% and a net margin of 1.55%.The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion. On average, equities research analysts anticipate that Brenntag will post 0.8 earnings per share for the current fiscal 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.