Brokerages Set Venator Materials PLC (VNTR) Price Target at $27.47

Shares of Venator Materials PLC (NYSE:VNTR) have been assigned a consensus recommendation of “Buy” from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $27.47.

A number of research firms have recently issued reports on VNTR. Zacks Investment Research raised shares of Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, February 28th. Morgan Stanley began coverage on shares of Venator Materials in a research report on Tuesday, January 30th. They set an “equal weight” rating and a $25.00 price objective on the stock. Goldman Sachs cut shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Wednesday, December 6th. Finally, Barclays restated an “equal weight” rating and issued a $25.00 target price (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th.

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In other Venator Materials news, major shareholder Corp Huntsman sold 1,948,955 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $21.66, for a total value of $42,214,365.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathy Dawn Patrick acquired 4,500 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $20.45 per share, with a total value of $92,025.00. The disclosure for this purchase can be found here.

A number of large investors have recently bought and sold shares of the business. Macquarie Group Ltd. increased its stake in Venator Materials by 1.7% in the 4th quarter. Macquarie Group Ltd. now owns 1,838,451 shares of the company’s stock valued at $40,666,000 after buying an additional 31,333 shares during the last quarter. LPL Financial LLC increased its stake in shares of Venator Materials by 86.0% during the 4th quarter. LPL Financial LLC now owns 24,793 shares of the company’s stock worth $548,000 after purchasing an additional 11,461 shares during the last quarter. Zimmer Partners LP increased its stake in shares of Venator Materials by 104.7% during the 4th quarter. Zimmer Partners LP now owns 4,129,000 shares of the company’s stock worth $91,333,000 after purchasing an additional 2,112,060 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Venator Materials during the 4th quarter worth approximately $1,641,000. Finally, Maple Rock Capital Partners Inc. purchased a new stake in shares of Venator Materials during the 4th quarter worth approximately $4,889,000. Hedge funds and other institutional investors own 45.37% of the company’s stock.

Venator Materials stock traded down $0.74 during mid-day trading on Friday, hitting $17.60. 570,233 shares of the stock were exchanged, compared to its average volume of 840,769. The company has a current ratio of 1.77, a quick ratio of 1.08 and a debt-to-equity ratio of 0.67. Venator Materials has a one year low of $17.60 and a one year high of $26.90.

Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Friday, February 23rd. The company reported $0.61 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The firm had revenue of $528.00 million for the quarter, compared to the consensus estimate of $539.36 million. The company’s revenue was up 7.5% on a year-over-year basis. sell-side analysts expect that Venator Materials will post 3.14 EPS for the current fiscal year.

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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.

Analyst Recommendations for Venator Materials (NYSE:VNTR)

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