Venator Materials PLC (VNTR) Price Target Increased to $28.00 by Analysts at Bank of America Corp
Venator Materials PLC (NASDAQ:VNTR) had its price objective increased by equities research analysts at Bank of America Corp from $23.00 to $28.00 in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Bank of America Corp’s price objective suggests a potential upside of 12.00% from the company’s previous close.
Other equities research analysts have also issued research reports about the company. Citigroup Inc. increased their price target on Venator Materials PLC from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Tuesday. J P Morgan Chase & Co began coverage on Venator Materials PLC in a research report on Monday, August 28th. They issued an “overweight” rating and a $23.00 price target on the stock. SunTrust Banks, Inc. increased their price target on Venator Materials PLC from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday. Nomura began coverage on Venator Materials PLC in a research report on Monday, August 28th. They issued a “buy” rating and a $24.00 price target on the stock. Finally, Royal Bank Of Canada began coverage on Venator Materials PLC in a research report on Monday, August 28th. They issued an “outperform” rating and a $23.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $26.71.
Shares of Venator Materials PLC (NASDAQ:VNTR) traded up 1.46% during trading on Tuesday, hitting $25.00. The stock had a trading volume of 570,210 shares. The stock’s market cap is $2.66 billion. The company’s 50 day moving average price is $23.36 and its 200 day moving average price is $21.86. Venator Materials PLC has a 12 month low of $17.85 and a 12 month high of $26.90.
Venator Materials PLC (NASDAQ:VNTR) last posted its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities research analysts expect that Venator Materials PLC will post $1.92 earnings per share for the current fiscal year.
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In other news, major shareholder Corp Huntsman sold 26,105,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total value of $492,079,250.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
An institutional investor recently bought a new position in Venator Materials PLC stock. Victory Capital Management Inc. purchased a new position in shares of Venator Materials PLC (NASDAQ:VNTR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,461,744 shares of the company’s stock, valued at approximately $33,036,000. Victory Capital Management Inc. owned about 1.38% of Venator Materials PLC as of its most recent SEC filing.
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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