Venator Materials (VNTR) Stock Price Up 5%

Venator Materials PLC (NYSE:VNTR) shares rose 5% during trading on Tuesday . The company traded as high as $5.15 and last traded at $5.03. Approximately 515,870 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 782,581 shares. The stock had previously closed at $4.79.

VNTR has been the subject of a number of analyst reports. UBS Group raised Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 price target for the company in a research note on Wednesday, February 6th. ValuEngine raised Venator Materials from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Royal Bank of Canada raised Venator Materials from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $7.00 to $9.00 in a research note on Thursday, April 18th. Citigroup reaffirmed a “buy” rating and issued a $7.50 price target on shares of Venator Materials in a research note on Friday, February 22nd. Finally, Zacks Investment Research raised Venator Materials from a “sell” rating to a “hold” rating in a research note on Friday, February 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $15.41.

The company has a market cap of $509.66 million, a P/E ratio of 2.31, a PEG ratio of 0.94 and a beta of 1.96. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.18 and a quick ratio of 1.08.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The business had revenue of $562.00 million during the quarter, compared to the consensus estimate of $561.44 million. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. Venator Materials’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Equities research analysts predict that Venator Materials PLC will post 0.58 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of VNTR. JPMorgan Chase & Co. raised its stake in Venator Materials by 146.3% during the third quarter. JPMorgan Chase & Co. now owns 388,890 shares of the company’s stock worth $3,500,000 after acquiring an additional 231,026 shares in the last quarter. Morgan Stanley raised its stake in Venator Materials by 176.4% during the third quarter. Morgan Stanley now owns 864,355 shares of the company’s stock worth $7,780,000 after acquiring an additional 551,585 shares in the last quarter. Vanguard Group Inc raised its stake in Venator Materials by 0.7% during the third quarter. Vanguard Group Inc now owns 905,762 shares of the company’s stock worth $8,152,000 after acquiring an additional 6,207 shares in the last quarter. NJ State Employees Deferred Compensation Plan raised its stake in Venator Materials by 30.4% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 60,000 shares of the company’s stock worth $251,000 after acquiring an additional 14,000 shares in the last quarter. Finally, Caption Management LLC acquired a new position in Venator Materials during the fourth quarter worth about $184,000. 46.10% of the stock is owned by hedge funds and other institutional investors.

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About Venator Materials (NYSE:VNTR)

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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