Brenntag (OTCMKTS:BNTGY) Shares Gap Down – What’s Next?
by Tristan Rich · The Markets DailyBrenntag AG (OTCMKTS:BNTGY – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $12.06, but opened at $11.30. Brenntag shares last traded at $11.30, with a volume of 1,033 shares.
Wall Street Analysts Forecast Growth
BNTGY has been the topic of several recent analyst reports. BNP Paribas Exane assumed coverage on shares of Brenntag in a report on Monday, October 20th. They set a “neutral” rating and a $12.80 price objective on the stock. Zacks Research raised shares of Brenntag from a “strong sell” rating to a “hold” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Brenntag in a research note on Wednesday, September 24th. Morgan Stanley cut Brenntag from an “equal weight” rating to an “underweight” rating in a report on Tuesday, January 6th. Finally, Citigroup reiterated a “neutral” rating on shares of Brenntag in a research note on Friday, November 14th. Six research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $12.80.
Get Our Latest Stock Report on Brenntag
Brenntag Stock Performance
The firm has a market capitalization of $8.54 billion, a PE ratio of 18.48 and a beta of 0.75. The stock’s 50 day simple moving average is $11.47 and its two-hundred day simple moving average is $11.90.
Brenntag (OTCMKTS:BNTGY – Get Free Report) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.32 billion. Brenntag had a net margin of 2.66% and a return on equity of 9.14%. Equities research analysts expect that Brenntag AG will post 0.9 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.