Zacks Investment Research Downgrades Venator Materials PLC (VNTR) to Hold

Venator Materials PLC (NYSE:VNTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Venator Materials PLC is a manufacturer and marketer of chemical products. The company’s product comprises a broad range of pigments and additives that bring color and vibrancy to building, protect and extend product life and reduce energy consumption. Its operating segment consists of Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments, timber treatment and water treatment businesses. Venator Materials PLC is headquartered in The Woodlands, Texas. “

Several other brokerages also recently weighed in on VNTR. SunTrust Banks, Inc. raised their price target on Venator Materials PLC from $27.00 to $29.00 and gave the stock a “buy” rating in a report on Monday, October 30th. J P Morgan Chase & Co raised their price target on Venator Materials PLC from $23.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, October 30th. UBS AG lifted their target price on Venator Materials PLC from $22.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Citigroup Inc. lifted their target price on Venator Materials PLC from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, Bank of America Corporation lifted their target price on Venator Materials PLC from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $27.00.

Shares of Venator Materials PLC (VNTR) traded up $0.80 during midday trading on Wednesday, reaching $23.01. The company’s stock had a trading volume of 412,900 shares, compared to its average volume of 651,704. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.03 and a quick ratio of 1.25. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90.

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

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Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new position in Venator Materials PLC during the third quarter valued at approximately $103,000. Jane Street Group LLC purchased a new position in Venator Materials PLC during the third quarter valued at approximately $255,000. Bank of New York Mellon Corp purchased a new position in Venator Materials PLC during the third quarter valued at approximately $297,000. Russell Investments Group Ltd. purchased a new position in Venator Materials PLC during the third quarter valued at approximately $505,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Venator Materials PLC during the third quarter valued at approximately $512,000. Institutional investors own 3.99% of the company’s stock.

Venator Materials PLC 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 PLC (NYSE:VNTR)

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