Venator Materials (NYSE:VNTR) Lowered to “Neutral” at Citigroup

Venator Materials (NYSE:VNTR) was downgraded by analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Friday, The Fly reports.

A number of other equities research analysts also recently weighed in on VNTR. Royal Bank of Canada reaffirmed a “neutral” rating and set a $145.00 price objective on shares of Travelers Companies in a research report on Thursday, April 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of in a research report on Wednesday, June 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. Venator Materials presently has an average rating of “Hold” and an average price target of $15.05.

Shares of VNTR stock opened at $4.24 on Friday. Venator Materials has a 1-year low of $3.59 and a 1-year high of $17.16. The company’s 50-day moving average is $4.91. The company has a market capitalization of $453.26 million, a P/E ratio of 1.93, a P/E/G ratio of 0.65 and a beta of 2.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.15 and a current ratio of 2.18.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. Venator Materials had a positive return on equity of 15.64% and a negative net margin of 11.07%. The company had revenue of $562.00 million for the quarter, compared to the consensus estimate of $561.44 million. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, sell-side analysts predict that Venator Materials will post 0.62 EPS for the current fiscal year.

In other Venator Materials news, Director Kathy Dawn Patrick purchased 10,500 shares of the stock in a transaction on Wednesday, May 29th. The stock was acquired at an average price of $4.47 per share, with a total value of $46,935.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of VNTR. Legal & General Group Plc boosted its holdings in Venator Materials by 229.2% in the fourth quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after acquiring an additional 24,339 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Venator Materials by 22.8% during the fourth quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after purchasing an additional 8,322 shares during the period. LPL Financial LLC lifted its holdings in shares of Venator Materials by 18.5% during the fourth quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock worth $203,000 after purchasing an additional 7,568 shares during the period. RBF Capital LLC acquired a new stake in shares of Venator Materials during the fourth quarter worth about $210,000. Finally, Systematic Financial Management LP acquired a new stake in shares of Venator Materials during the first quarter worth about $293,000. 44.08% of the stock is owned by institutional investors and hedge funds.

Venator Materials Company Profile

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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