Brenntag (OTCMKTS:BNTGY) Downgraded to "Hold" Rating by Citigroup

Citigroup cut shares of Brenntag (OTCMKTS:BNTGY - Free Report) from a strong-buy rating to a hold rating in a research note published on Wednesday,Zacks.com reports.

Brenntag Trading Up 3.1 %

BNTGY stock traded up $0.38 during mid-day trading on Wednesday, hitting $12.48. The stock had a trading volume of 517,131 shares, compared to its average volume of 41,590. The stock has a market capitalization of $9.01 billion, a price-to-earnings ratio of 14.94 and a beta of 1.13. Brenntag has a 1-year low of $11.79 and a 1-year high of $18.72. The company has a fifty day moving average of $13.73 and a 200 day moving average of $14.16.

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