Venator Materials (VNTR) Downgraded by Goldman Sachs Group to “Neutral”
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.
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.
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