Venator Materials PLC (NYSE:VNTR) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the firm, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $11.33.
VNTR has been the topic of a number of research reports. Citigroup downgraded Venator Materials from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $7.50 to $4.50 in a research note on Friday, July 12th. Morgan Stanley set a $6.00 price objective on Venator Materials and gave the stock a “hold” rating in a report on Wednesday, June 19th. UBS Group set a $7.00 price objective on Venator Materials and gave the stock a “buy” rating in a report on Wednesday, August 7th. Royal Bank of Canada lowered Venator Materials from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $8.00 to $3.00 in a report on Friday, August 9th. Finally, BMO Capital Markets decreased their price objective on Venator Materials from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Friday, August 9th.
In other Venator Materials news, insider Kurt Ogden bought 15,000 shares of Venator Materials stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $2.23 per share, with a total value of $33,450.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Simon Turner bought 40,000 shares of Venator Materials stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average cost of $2.70 per share, with a total value of $108,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 130,300 shares of company stock valued at $338,303 over the last three months. Corporate insiders own 0.31% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in VNTR. Systematic Financial Management LP bought a new position in shares of Venator Materials in the first quarter valued at approximately $293,000. Hosking Partners LLP grew its holdings in shares of Venator Materials by 51.6% in the first quarter. Hosking Partners LLP now owns 707,886 shares of the company’s stock valued at $3,978,000 after acquiring an additional 241,006 shares in the last quarter. Schneider Capital Management Corp lifted its stake in Venator Materials by 83.6% in the first quarter. Schneider Capital Management Corp now owns 2,755,009 shares of the company’s stock valued at $15,483,000 after purchasing an additional 1,254,734 shares during the last quarter. MYDA Advisors LLC lifted its stake in Venator Materials by 41.8% in the first quarter. MYDA Advisors LLC now owns 56,700 shares of the company’s stock valued at $319,000 after purchasing an additional 16,700 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its stake in Venator Materials by 695.9% in the first quarter. Marshall Wace North America L.P. now owns 114,412 shares of the company’s stock valued at $642,000 after purchasing an additional 100,036 shares during the last quarter. 43.21% of the stock is owned by institutional investors.
VNTR stock opened at $2.90 on Tuesday. The stock’s 50 day simple moving average is $2.54 and its 200 day simple moving average is $4.62. Venator Materials has a fifty-two week low of $1.85 and a fifty-two week high of $10.30. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.25. The company has a market cap of $309.62 million, a P/E ratio of 1.32, a price-to-earnings-growth ratio of 0.82 and a beta of 2.52.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Venator Materials had a positive return on equity of 9.02% and a negative net margin of 19.42%. The firm had revenue of $578.00 million for the quarter, compared to analyst estimates of $585.27 million. During the same period last year, the company posted $0.85 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. Equities analysts predict that Venator Materials will post 0.34 earnings per share 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.
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