Venator Materials PLC (VNTR) Downgraded by Zacks Investment Research
Venator Materials PLC (NASDAQ:VNTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Venator Materials PLC is a manufacturer and marketer of chemical products. The company’s product comprises a broad range of pigments and additives that bring color and vibrancy to building, protect and extend product life and reduce energy consumption. Its operating segment consists of Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments, timber treatment and water treatment businesses. Venator Materials PLC is headquartered in The Woodlands, Texas. “
A number of other research firms have also recently issued reports on VNTR. UBS AG started coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They set a “neutral” rating and a $22.00 price target for the company. Royal Bank Of Canada reaffirmed a “buy” rating and set a $28.00 price objective on shares of Venator Materials PLC in a research report on Wednesday. SunTrust Banks, Inc. began coverage on shares of Venator Materials PLC in a research report on Monday, August 28th. They set a “buy” rating and a $25.00 price objective for the company. Nomura upped their price objective on shares of Venator Materials PLC from $24.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $23.00 price objective on shares of Venator Materials PLC in a research report on Monday, August 28th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.54.
Shares of Venator Materials PLC (NASDAQ:VNTR) traded up 0.72% during mid-day trading on Thursday, reaching $23.85. The company had a trading volume of 321,920 shares. The company’s 50-day moving average price is $22.77 and its 200-day moving average price is $21.54. Venator Materials PLC has a 52-week low of $17.85 and a 52-week high of $25.13. The company’s market capitalization is $2.53 billion.
In other news, major shareholder Corp Huntsman sold 26,105,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $18.85, for a total transaction of $492,079,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Venator Materials PLC Company Profile
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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