Brenntag (OTCMKTS:BNTGY) Cut to “Hold” at Citigroup

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

Brenntag Price Performance

OTCMKTS BNTGY traded down $0.04 on Wednesday, reaching $12.10. The company had a trading volume of 197,127 shares, compared to its average volume of 78,427. The firm has a market capitalization of $8.74 billion, a PE ratio of 14.94 and a beta of 1.13. The firm has a 50-day moving average of $13.73 and a 200-day moving average of $14.16. Brenntag has a 1 year low of $11.79 and a 1 year high of $18.72.

Brenntag (OTCMKTS:BNTGY) last announced its earnings results on Tuesday, August 13th. The company reported $0.22 earnings per share (EPS) for the quarter. The company had revenue of $4.50 billion for the quarter. Brenntag had a return on equity of 12.28% and a net margin of 3.36%. As a group, sell-side analysts expect that Brenntag will post 0.96 EPS for the current fiscal 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.