Venator Materials PLC (NYSE:VNTR) Receives Average Recommendation of “Buy” from Analysts

Shares of Venator Materials PLC (NYSE:VNTR) have earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $15.05.

A number of analysts have recently issued reports on the company. Citigroup lowered Venator Materials from a “buy” rating to a “neutral” rating and reduced their target price for the company from $7.50 to $4.50 in a report on Friday, July 12th. Morgan Stanley set a $6.00 target price on Venator Materials and gave the company a “hold” rating in a report on Wednesday, June 19th. Finally, Royal Bank of Canada upgraded Venator Materials from a “sector perform” rating to an “outperform” rating and increased their target price for the company from $7.00 to $9.00 in a report on Thursday, April 18th.

In other news, Director Kathy Dawn Patrick acquired 10,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The stock was acquired at an average cost of $4.47 per share, for a total transaction of $46,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.66% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of VNTR. Bank of America Corp DE raised its holdings in Venator Materials by 3,061.8% during the fourth quarter. Bank of America Corp DE now owns 2,478,540 shares of the company’s stock valued at $10,385,000 after buying an additional 2,400,150 shares in the last quarter. Norges Bank bought a new position in Venator Materials during the fourth quarter valued at about $5,982,000. Schneider Capital Management Corp raised its holdings in Venator Materials by 83.6% during the first quarter. Schneider Capital Management Corp now owns 2,755,009 shares of the company’s stock valued at $15,483,000 after buying an additional 1,254,734 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Venator Materials by 260.5% during the fourth quarter. Two Sigma Advisers LP now owns 627,600 shares of the company’s stock valued at $2,630,000 after buying an additional 453,500 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in Venator Materials by 38.3% during the fourth quarter. Deutsche Bank AG now owns 994,237 shares of the company’s stock valued at $4,165,000 after buying an additional 275,573 shares in the last quarter. Institutional investors own 43.97% of the company’s stock.

Shares of VNTR traded down $0.05 during mid-day trading on Monday, reaching $3.02. The company’s stock had a trading volume of 17,676 shares, compared to its average volume of 746,787. The company has a fifty day moving average price of $4.65. The company has a market cap of $326.65 million, a P/E ratio of 1.41, a price-to-earnings-growth ratio of 0.52 and a beta of 2.34. Venator Materials has a 1 year low of $3.04 and a 1 year high of $13.63. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.18.

Venator Materials (NYSE:VNTR) last released its earnings results on Thursday, May 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.03. The company had revenue of $562.00 million during the quarter, compared to analyst estimates of $561.44 million. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Sell-side analysts predict that Venator Materials will post 0.56 EPS for the current year.

Venator Materials Company Profile

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.

Recommended Story: What is an investor looking for in an SEC filing?

Analyst Recommendations for Venator Materials (NYSE:VNTR)

Receive News & Ratings for Venator Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials and related companies with MarketBeat.com's FREE daily email newsletter.