Venator Materials (NYSE:VNTR) Lowered to “Hold” at Zacks Investment Research

Venator Materials (NYSE:VNTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, November 15th.

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. “

Other research analysts have also recently issued reports about the company. Nomura raised their price objective on Venator Materials from $24.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Citigroup initiated coverage on Venator Materials in a research report on Tuesday, August 29th. They set a “buy” rating and a $24.00 price target for the company. Bank of America reiterated a “buy” rating and set a $23.00 price target on shares of Venator Materials in a research report on Monday, August 28th. Deutsche Bank reiterated a “buy” rating and set a $24.00 price target on shares of Venator Materials in a research report on Monday, August 28th. Finally, Instinet initiated coverage on Venator Materials in a research report on Monday, August 28th. They set a “buy” rating and a $24.00 price target for the company. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $27.33.

Venator Materials (NYSE VNTR) traded up $0.09 during trading on Wednesday, reaching $22.23. The company’s stock had a trading volume of 3,066,958 shares, compared to its average volume of 903,728. Venator Materials has a 52 week low of $17.85 and a 52 week high of $26.90. 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 (NYSE:VNTR) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.25. The firm had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities analysts predict that Venator Materials will post 2.04 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new stake in Venator Materials in the third quarter valued at approximately $103,000. Jane Street Group LLC acquired a new stake in Venator Materials in the third quarter valued at approximately $255,000. Bank of New York Mellon Corp acquired a new stake in Venator Materials in the third quarter valued at approximately $297,000. Russell Investments Group Ltd. acquired a new stake in Venator Materials in the third quarter valued at approximately $505,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Venator Materials in the third quarter valued at approximately $512,000. 23.20% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this article on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark laws. The original version of this article can be read at https://www.dispatchtribunal.com/2017/12/04/zacks-investment-research-downgrades-venator-materials-plc-vntr-to-hold.html.

Venator Materials 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.

Get a free copy of the Zacks research report on Venator Materials (VNTR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Venator Materials (NYSE:VNTR)

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

Leave a Reply