Venator Materials (VNTR) Downgraded by Goldman Sachs Group to “Neutral”

Goldman Sachs Group cut shares of Venator Materials (NYSE:VNTR) from a buy rating to a neutral rating in a report issued on Wednesday morning. They currently have $27.00 price objective on the stock.

Several other brokerages have also recently issued reports on VNTR. Zacks Investment Research upgraded shares of Venator Materials from a hold rating to a strong-buy rating and set a $26.00 target price on the stock in a research report on Tuesday, October 10th. Barclays initiated coverage on shares of Venator Materials in a research report on Monday, August 28th. They set an equal weight rating and a $22.00 target price on the stock. Bank of America restated a buy rating and set a $23.00 target price on shares of Venator Materials in a research report on Monday, August 28th. SunTrust Banks initiated coverage on shares of Venator Materials in a research report on Monday, August 28th. They set a buy rating and a $25.00 target price on the stock. Finally, UBS upped 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. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $27.47.

Shares of Venator Materials (NYSE:VNTR) traded down $1.23 during mid-day trading on Wednesday, reaching $20.58. 3,674,800 shares of the company’s stock traded hands, compared to its average volume of 944,969. Venator Materials has a 1-year low of $17.85 and a 1-year high of $26.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The company’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts expect that Venator Materials will post 2.04 earnings per share for the current fiscal year.

In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

A number of large investors have recently modified their holdings of the stock. Greenlight Capital Inc. bought a new position in Venator Materials during the 3rd quarter valued at about $38,420,000. Cubist Systematic Strategies LLC bought a new position in Venator Materials in the 3rd quarter worth about $512,000. Point72 Asset Management L.P. bought a new position in Venator Materials in the 3rd quarter worth about $28,675,000. Highbridge Capital Management LLC bought a new position in Venator Materials in the 3rd quarter worth about $3,013,000. Finally, Jane Street Group LLC bought a new position in Venator Materials in the 3rd quarter worth about $255,000. Institutional investors own 23.20% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Venator Materials (VNTR) Downgraded by Goldman Sachs Group to “Neutral”” was published by Ticker Report and is owned by of Ticker Report. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3080239/venator-materials-vntr-downgraded-by-goldman-sachs-group-to-neutral.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.

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.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.