Venator Materials PLC (NYSE:VNTR) – Investment analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Venator Materials in a research note issued on Monday. Jefferies Group analyst L. Alexander anticipates that the company will post earnings of $0.73 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $29.00 target price on the stock. Jefferies Group also issued estimates for Venator Materials’ Q2 2018 earnings at $0.76 EPS, Q3 2018 earnings at $0.85 EPS, Q4 2018 earnings at $0.62 EPS and FY2018 earnings at $2.95 EPS.
Several other research analysts have also commented on the stock. Bank of America raised their price objective on shares of Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Goldman Sachs Group downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Wednesday, December 6th. Morgan Stanley initiated coverage on shares of Venator Materials in a research note on Tuesday, January 30th. They issued an “equal weight” rating and a $25.00 price target for the company. Zacks Investment Research downgraded shares of Venator Materials from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, SunTrust Banks lifted their price target on shares of Venator Materials from $27.00 to $29.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $27.50.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Friday, February 23rd. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The firm had revenue of $528.00 million for the quarter, compared to analyst estimates of $539.36 million. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.
Several large investors have recently modified their holdings of VNTR. Oppenheimer Asset Management Inc. purchased a new stake in shares of Venator Materials during the 3rd quarter worth approximately $103,000. QS Investors LLC purchased a new stake in shares of Venator Materials during the 4th quarter worth approximately $110,000. Wells Fargo & Company MN lifted its position in shares of Venator Materials by 81,257.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock worth $126,000 after buying an additional 5,688 shares during the last quarter. Deutsche Bank AG lifted its position in shares of Venator Materials by 9,700.0% during the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock worth $216,000 after buying an additional 9,700 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Venator Materials during the 4th quarter worth approximately $248,000. Institutional investors and hedge funds own 27.84% of the company’s stock.
In other news, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this link.
About Venator Materials
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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