Venator Materials (NYSE:VNTR) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued to investors on Wednesday, Marketbeat reports. They presently have a $27.00 price objective on the stock. Goldman Sachs Group’s target price would indicate a potential upside of 31.20% from the stock’s current price.

A number of other research analysts have also recently commented on VNTR. Citigroup upped their target price on Venator Materials from $28.00 to $29.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Vertical Research began coverage on Venator Materials in a research note on Monday, October 23rd. They set a “buy” rating and a $28.00 target price on the stock. Alembic Global Advisors reaffirmed a “buy” rating and set a $32.00 target price on shares of Venator Materials in a research note on Monday, November 20th. J P Morgan Chase & Co upped their target price on Venator Materials from $23.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, October 30th. Finally, Nomura upped their target price on Venator Materials from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $27.33.

Venator Materials (NYSE:VNTR) traded down $1.23 on Wednesday, hitting $20.58. The stock had a trading volume of 3,674,800 shares, compared to its average volume of 944,969. Venator Materials has a 1 year low of $17.85 and a 1 year high of $26.90. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.

Venator Materials (NYSE:VNTR) last released its earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts predict that Venator Materials will post 2.04 earnings per share for the current year.

In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Several hedge funds and other institutional investors have recently made changes to their positions in VNTR. First Trust Advisors LP purchased a new stake in shares of Venator Materials in the third quarter valued at approximately $1,863,000. Victory Capital Management Inc. purchased a new stake in Venator Materials during the third quarter worth $33,036,000. State of Wisconsin Investment Board purchased a new stake in Venator Materials during the third quarter worth $4,023,000. Jennison Associates LLC purchased a new stake in Venator Materials during the third quarter worth $47,734,000. Finally, Sei Investments Co. purchased a new stake in Venator Materials during the third quarter worth $2,854,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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Venator Materials 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.

Analyst Recommendations for Venator Materials (NYSE:VNTR)

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