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

Brenntag AG (OTCMKTS:BNTGY) shares gapped up prior to trading on Wednesday. The stock had previously closed at $13.75, but opened at $14.20. Brenntag shares last traded at $14.21, with a volume of 447 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BNTGY. Morgan Stanley reaffirmed an “underweight” rating on shares of Brenntag in a research report on Friday, August 14th. DZ Bank raised Brenntag from a “strong sell” rating to a “hold” rating in a report on Monday, July 27th. Eight equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $12.80.

Brenntag Price Performance

The firm has a market cap of $10.49 billion, a P/E ratio of 24.63 and a beta of 0.62. The company has a fifty day moving average of $13.96 and a 200-day moving average of $13.61.

Brenntag (OTCMKTS:BNTGY) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.04. The business had revenue of $4.96 billion for the quarter, compared to analysts’ expectations of $4.66 billion. Brenntag had a return on equity of 8.30% and a net margin of 2.41%. On average, sell-side analysts expect that Brenntag AG will post 0.85 EPS for the current fiscal year.

About Brenntag

Brenntag SE is a Germany-based global distributor of chemicals and ingredients. The company connects chemical manufacturers with industrial and commercial customers, supplying a broad portfolio of basic and specialty chemicals as well as related products and services.

Its activities include sourcing, storage, blending, formulation, packaging and delivery, along with technical support and other supply-chain services. Brenntag serves customers across industries such as manufacturing, water treatment, food and nutrition, pharmaceuticals, personal care, agriculture, energy and environmental services.

Founded in 1874 in Berlin, Brenntag has expanded into an international organization serving markets across Europe, North America, Latin America and the Asia-Pacific region.