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

Brenntag AG (OTCMKTS:BNTGY)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $12.79, but opened at $13.67. Brenntag shares last traded at $13.67, with a volume of 211 shares.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BNTGY shares. UBS Group upgraded Brenntag from a “sell” rating to a “neutral” rating in a research report on Thursday, April 30th. Morgan Stanley reiterated an “underweight” rating on shares of Brenntag in a research note on Friday, May 15th. Deutsche Bank Aktiengesellschaft lowered shares of Brenntag from a “buy” rating to a “hold” rating in a research report on Tuesday, June 16th. Finally, Jefferies Financial Group raised shares of Brenntag from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 20th. Seven equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Brenntag currently has a consensus rating of “Reduce” and a consensus target price of $12.80.

Brenntag Stock Up 2.7%

The firm has a market capitalization of $9.77 billion, a P/E ratio of 36.59 and a beta of 0.65. The business’s 50 day moving average is $13.16 and its two-hundred day moving average is $12.69.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Wednesday, May 13th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). Brenntag had a net margin of 1.55% and a return on equity of 5.28%. The company had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.33 billion. As a group, equities analysts anticipate that Brenntag AG will post 0.8 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.