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.
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.
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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.
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