Venator Materials PLC (VNTR) Given Consensus Recommendation of “Buy” by Analysts

Shares of Venator Materials PLC (NYSE:VNTR) have been given an average recommendation of “Buy” by the fifteen brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.43.

Several equities research analysts have issued reports on the stock. Bank of America lifted their target price on shares of Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Venator Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 target price for the company in a research report on Tuesday, October 10th. UBS Group lifted their target price on shares of Venator Materials from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. Vertical Research assumed coverage on shares of Venator Materials in a research report on Monday, October 23rd. They set a “buy” rating and a $28.00 target price for the company. Finally, Instinet reiterated a “buy” rating and set a $26.00 target price (up from $24.00) on shares of Venator Materials in a research report on Friday, October 13th.

Shares of Venator Materials (NYSE VNTR) opened at $22.99 on Thursday. Venator Materials has a 1 year low of $17.85 and a 1 year high of $26.90. The stock has a market cap of $2,520.00 and a P/E ratio of 41.80. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03.

Venator Materials (NYSE:VNTR) last announced its earnings results on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. The company’s revenue was up 9.4% compared to the same quarter last year. equities research analysts anticipate that Venator Materials will post 2.05 EPS for the current year.

In other news, major shareholder Corp Huntsman sold 1,948,955 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Several institutional investors and hedge funds have recently made changes to their positions in VNTR. First Trust Advisors LP bought a new stake in shares of Venator Materials in the 3rd quarter worth approximately $1,863,000. Victory Capital Management Inc. bought a new stake in shares of Venator Materials in the 3rd quarter worth approximately $33,036,000. State of Wisconsin Investment Board bought a new stake in shares of Venator Materials in the 3rd quarter worth approximately $4,023,000. Jennison Associates LLC bought a new stake in shares of Venator Materials in the 3rd quarter worth approximately $47,734,000. Finally, Sei Investments Co. bought a new stake in shares of Venator Materials in the 3rd quarter worth approximately $2,854,000. Hedge funds and other institutional investors own 23.21% of the company’s stock.

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About Venator Materials

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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