Q3 2017 EPS Estimates for Venator Materials PLC Increased by SunTrust Banks (VNTR)
Venator Materials PLC (NASDAQ:VNTR) – Analysts at SunTrust Banks lifted their Q3 2017 earnings per share estimates for Venator Materials PLC in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst J. Sheehan now expects that the company will earn $0.43 per share for the quarter, up from their prior estimate of $0.38. SunTrust Banks currently has a “Buy” rating and a $25.00 target price on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.54 EPS, FY2018 earnings at $2.32 EPS and FY2019 earnings at $2.71 EPS.
Several other research firms have also recently weighed in on VNTR. UBS AG initiated coverage on Venator Materials PLC in a research note on Monday, August 28th. They issued a “neutral” rating and a $22.00 price target for the company. Nomura boosted their price target on Venator Materials PLC from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday. Royal Bank Of Canada initiated coverage on Venator Materials PLC in a research note on Monday, August 28th. They issued an “outperform” rating and a $23.00 price target for the company. Bank of America Corporation restated a “buy” rating and issued a $23.00 price target on shares of Venator Materials PLC in a research note on Monday, August 28th. Finally, Instinet initiated coverage on Venator Materials PLC in a research report on Monday, August 28th. They set a “buy” rating and a $24.00 price objective for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.00.
Venator Materials PLC (NASDAQ:VNTR) opened at 24.00 on Thursday. Venator Materials PLC has a 52 week low of $17.85 and a 52 week high of $24.04. The firm has a 50-day moving average price of $21.91 and a 200-day moving average price of $20.63. The company’s market cap is $2.55 billion.
In related news, major shareholder Corp Huntsman sold 26,105,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total transaction of $492,079,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
About Venator Materials PLC
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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