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

Shares of Brenntag AG (OTCMKTS:BNTGY) gapped down prior to trading on Tuesday . The stock had previously closed at $13.90, but opened at $13.23. Brenntag shares last traded at $13.2250, with a volume of 694 shares changing hands.

Wall Street Analysts Forecast Growth

BNTGY has been the topic of a number of research analyst reports. Jefferies Financial Group raised Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a report on Friday, May 15th. Finally, UBS Group raised Brenntag from a “sell” rating to a “neutral” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $12.80.

Brenntag Stock Performance

The company has a market cap of $9.56 billion, a price-to-earnings ratio of 35.78 and a beta of 0.67. The company has a fifty day moving average of $13.43 and a two-hundred day moving average of $12.34.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.16 earnings per share 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 5.38%. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.33 billion.

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.