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.
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.
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