Venator Materials (NYSE:VNTR) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report issued on Thursday, The Fly reports.

Several other equities analysts have also recently weighed in on the stock. MED reaffirmed a “buy” rating and set a $32.00 target price on shares of Venator Materials in a research note on Wednesday, August 29th. ValuEngine raised shares of Venator Materials from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 23rd. UBS Group dropped their price objective on shares of Venator Materials from $20.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, August 10th. BMO Capital Markets dropped their price objective on shares of Venator Materials from $23.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut shares of Venator Materials from a “buy” rating to a “sell” rating in a research note on Friday, August 3rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $23.92.

Shares of VNTR stock opened at $10.81 on Thursday. The firm has a market cap of $1.21 billion and a PE ratio of 6.21. Venator Materials has a one year low of $10.60 and a one year high of $26.90. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.32.

Venator Materials (NYSE:VNTR) last posted its earnings results on Tuesday, July 31st. The company reported $0.85 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. The company had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $666.44 million. Venator Materials had a net margin of 16.67% and a return on equity of 27.45%. The firm’s revenue was up 11.4% compared to the same quarter last year. equities analysts forecast that Venator Materials will post 2.51 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the company. Luminus Management LLC grew its position in shares of Venator Materials by 34.4% in the 2nd quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock worth $69,168,000 after buying an additional 1,082,835 shares during the last quarter. Macquarie Group Ltd. grew its position in Venator Materials by 34.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock worth $46,691,000 after purchasing an additional 731,519 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Venator Materials by 30.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,630,200 shares of the company’s stock worth $43,030,000 after purchasing an additional 608,000 shares during the last quarter. Citadel Advisors LLC grew its position in Venator Materials by 103.8% during the 1st quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock worth $42,030,000 after purchasing an additional 1,183,204 shares during the last quarter. Finally, Millennium Management LLC grew its position in Venator Materials by 80.6% during the 1st quarter. Millennium Management LLC now owns 1,831,286 shares of the company’s stock worth $33,128,000 after purchasing an additional 817,555 shares during the last quarter. Institutional investors and hedge funds own 39.67% of the company’s stock.

About Venator Materials

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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