DZ Bank Downgrades Brenntag (OTCMKTS:BNTGY) to Strong Sell

DZ Bank cut shares of Brenntag (OTCMKTS:BNTGY) from a strong-buy rating to a strong sell rating in a research report released on Thursday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Barclays raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Friday, January 17th. UBS Group lowered Brenntag from a “strong-buy” rating to a “hold” rating in a report on Friday, January 17th.

Brenntag Price Performance

Shares of BNTGY stock opened at $13.45 on Thursday. The business’s fifty day moving average price is $13.13 and its 200 day moving average price is $12.79. Brenntag has a 1-year low of $11.09 and a 1-year high of $15.13. The firm has a market capitalization of $9.71 billion, a PE ratio of 16.60 and a beta of 0.93.

Brenntag (OTCMKTS:BNTGY) last announced its quarterly earnings data on Wednesday, May 14th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.04). Brenntag had a return on equity of 12.24% and a net margin of 3.36%. Equities research analysts expect that Brenntag will post 0.9 earnings per share for the current fiscal 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.