Brenntag (OTCMKTS:BNTGY) Shares Gap Up – Should You Buy?

Brenntag AG (OTCMKTS:BNTGY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $10.72, but opened at $11.38. Brenntag shares last traded at $11.37, with a volume of 13,040 shares traded.

Analyst Ratings Changes

Several research firms have weighed in on BNTGY. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. UBS Group downgraded shares of Brenntag from a “hold” rating to a “sell” rating in a research report on Friday, October 10th. Citigroup reissued a “neutral” rating on shares of Brenntag in a report on Friday. Zacks Research upgraded Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Finally, BNP Paribas assumed coverage on Brenntag in a report on Monday, October 20th. They set a “neutral” rating and a $12.80 target price for the company. Six analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $12.80.

Brenntag Stock Performance

The firm has a 50 day simple moving average of $11.58 and a two-hundred day simple moving average of $12.57. The stock has a market cap of $8.22 billion, a P/E ratio of 17.79 and a beta of 0.86.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.32 billion. Brenntag had a net margin of 2.62% and a return on equity of 9.19%. As a group, equities research analysts predict that Brenntag AG will post 0.9 EPS for the current year.

About Brenntag

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Germany, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company operates in two segments, Brenntag Essentials and Brenntag Specialties. It provides just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling.