Venator Materials PLC (NYSE:VNTR) Receives $6.04 Average PT from Brokerages

Venator Materials PLC (NYSE:VNTR) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.04.

Several research analysts recently weighed in on the stock. Bank of America cut shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $3.50 price objective on the stock. in a research report on Thursday, August 5th. Citigroup reduced their price target on shares of Venator Materials from $4.50 to $3.70 and set a “neutral” rating on the stock in a research report on Wednesday, August 4th. Zacks Investment Research cut shares of Venator Materials from a “hold” rating to a “sell” rating in a research report on Wednesday, August 11th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $4.50 price target on shares of Venator Materials in a research report on Sunday, November 7th.

VNTR stock opened at $2.85 on Thursday. The company has a current ratio of 2.33, a quick ratio of 1.41 and a debt-to-equity ratio of 1.82. The company’s 50 day moving average is $2.98 and its 200 day moving average is $3.65. The stock has a market cap of $303.70 million, a price-to-earnings ratio of -2.05 and a beta of 1.86. Venator Materials has a 1-year low of $2.30 and a 1-year high of $5.85.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Wednesday, November 3rd. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). Venator Materials had a negative return on equity of 1.55% and a negative net margin of 6.92%. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. As a group, sell-side analysts forecast that Venator Materials will post 0.04 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC purchased a new stake in shares of Venator Materials during the third quarter valued at approximately $29,000. Royal Bank of Canada boosted its stake in shares of Venator Materials by 967.8% during the second quarter. Royal Bank of Canada now owns 8,137 shares of the company’s stock valued at $38,000 after purchasing an additional 7,375 shares during the period. Balyasny Asset Management LLC purchased a new stake in shares of Venator Materials during the second quarter valued at approximately $48,000. Venture Visionary Partners LLC purchased a new stake in shares of Venator Materials during the second quarter valued at approximately $104,000. Finally, Marshall Wace LLP purchased a new stake in shares of Venator Materials during the third quarter valued at approximately $110,000. 28.85% of the stock is owned by hedge funds and other institutional investors.

About Venator Materials

Venator Materials Plc engages in the manufacture and marketing of chemical products. The firm focuses on development and manufacture of titanium dioxide pigments and performance additives. It operates through two segments: Titanium Dioxide and Performance Additives. The Titanium Dioxide segment involves the creation of (TiO2) from titanium bearing ores and is a white inert pigment that provides whiteness, opacity and brightness to thousands of everyday items, including coatings, plastics, paper, printing inks, fibers, food and personal care products.

Featured Story: What are the most popular ETFs

Analyst Recommendations for Venator Materials (NYSE:VNTR)

Receive News & Ratings for Venator Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials and related companies with MarketBeat.com's FREE daily email newsletter.