Brenntag (OTCMKTS:BNTGY) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Brenntag (OTCMKTS:BNTGYGet Rating) from a sell rating to a hold rating in a research note released on Tuesday, Zacks.com reports.

According to Zacks, “Brenntag AG engages in the production and distribution of chemicals. It operates through the North America, Latin America, EMEA and Asia Pacific segments. Brenntag AG is headquartered in Mülheim an der Ruhr, Germany. “

Separately, Credit Suisse Group decreased their price objective on Brenntag from €100.00 ($105.26) to €90.00 ($94.74) and set an outperform rating on the stock in a report on Monday, March 14th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $54.50.

BNTGY opened at $14.79 on Tuesday. Brenntag has a 1-year low of $13.79 and a 1-year high of $20.99. The stock’s fifty day simple moving average is $15.61 and its 200 day simple moving average is $16.88. The stock has a market cap of $11.42 billion, a PE ratio of 21.43 and a beta of 1.32.

Brenntag (OTCMKTS:BNTGYGet Rating) last posted its quarterly earnings results on Wednesday, March 9th. The company reported $0.09 earnings per share for the quarter. Brenntag had a return on equity of 11.62% and a net margin of 3.12%. The business had revenue of $4.78 billion for the quarter. Analysts predict that Brenntag will post 1 earnings per share for the current year.

About Brenntag (Get Rating)

Brenntag SE purchases and supplies various industrial and specialty chemicals, and ingredients in Europe, the Middle East, Africa, North America, Latin America, the Asia Pacific, and internationally. The company operates through the divisions Brenntag Essentials and Brenntag Specialties. It provides value-added services, such as just-in-time delivery, product mixing, blending, repackaging, inventory management, and drum return handling, as well as technical and laboratory services for specialty chemicals.

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