Brenntag (OTCMKTS:BNTGY) Lowered to “Hold” Rating by Citigroup

Brenntag (OTCMKTS:BNTGY) was downgraded by equities research analysts at Citigroup from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Brenntag Trading Down 0.3 %

Shares of BNTGY stock opened at $12.10 on Wednesday. Brenntag has a 1-year low of $11.79 and a 1-year high of $18.72. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 14.94 and a beta of 1.13. The stock’s fifty day simple moving average is $13.73 and its 200-day simple moving average is $14.16.

Brenntag (OTCMKTS:BNTGY) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.22 earnings per share (EPS) for the quarter. The firm had revenue of $4.50 billion during the quarter. Brenntag had a return on equity of 12.28% and a net margin of 3.36%. On average, sell-side analysts predict that Brenntag will post 0.96 EPS for the current year.

Brenntag Company Profile

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.