FY2017 Earnings Estimate for Venator Materials PLC (VNTR) Issued By SunTrust Banks
Venator Materials PLC (NYSE:VNTR) – Equities researchers at SunTrust Banks lifted their FY2017 earnings estimates for Venator Materials in a research note issued to investors on Wednesday. SunTrust Banks analyst J. Sheehan now anticipates that the company will earn $1.78 per share for the year, up from their previous forecast of $1.74. SunTrust Banks currently has a “Buy” rating and a $29.00 target price on the stock. SunTrust Banks also issued estimates for Venator Materials’ Q4 2017 earnings at $0.64 EPS.
VNTR has been the subject of a number of other reports. Nomura began coverage on shares of Venator Materials in a research report on Monday, August 28th. They issued a “buy” rating and a $24.00 price objective for the company. Citigroup began coverage on shares of Venator Materials in a research report on Tuesday, August 29th. They issued a “buy” rating and a $24.00 price objective for the company. Deutsche Bank restated a “buy” rating and issued a $24.00 price objective on shares of Venator Materials in a research report on Monday, August 28th. 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 report on Tuesday, October 31st. Finally, Zacks Investment Research raised 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 note on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $27.47.
Venator Materials (VNTR) opened at $20.98 on Friday. 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 has a 1 year low of $17.85 and a 1 year high of $26.90.
Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. The firm had revenue of $582.00 million during the quarter, compared to the consensus estimate of $568.31 million. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. purchased a new stake in Venator Materials in the third quarter valued at approximately $103,000. Jane Street Group LLC purchased a new position in shares of Venator Materials during the third quarter worth approximately $255,000. Bank of New York Mellon Corp purchased a new position in shares of Venator Materials during the third quarter worth approximately $297,000. Russell Investments Group Ltd. purchased a new position in shares of Venator Materials during the third quarter worth approximately $505,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Venator Materials during the third quarter worth approximately $512,000. 23.20% of the stock is currently owned by institutional investors and hedge funds.
In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’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 value of $471,425,568.00. The sale was disclosed in a filing with the SEC, which is available through this link.
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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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