A number of research firms have changed their ratings and price targets for Venator Materials (NYSE: VNTR):

  • 11/4/2018 – Venator Materials had its “buy” rating reaffirmed by analysts at Jefferies Financial Group Inc. They wrote, “Q3 missed consensus by $0.01–but was $0.09 above our forecast. The weakness we expected is more in Q4, now likely a modest loss. After a margin squeeze this winter, Venator could double, or better over 2-3 years. The ingredients: a spring restocking cycle that tightens TiO2 S/D balances (if consumer confidences holds up); normal summer seasonality (at least); and keeping most of the productivity. Timing of validation? Most likely after the Chinese New Year. Q3 EPS was $0.01 below consensus but $0.09 above our forecast: +$0.01 in flat in a lower tax rate. Total sales decreased 8% (-15% vol., +6% price, +1% sales mix and other); TiO2 sales decreased 10% (-18% vol., +7% price, +1% sales mix and other); and Performance Additives sales decreased 5% (-6% vol., +2% price, -1% sales mix and other).””
  • 10/31/2018 – Venator Materials had its price target lowered by analysts at BMO Capital Markets from $13.00 to $9.00. They now have an “outperform” rating on the stock.
  • 10/31/2018 – Venator Materials had its price target lowered by analysts at Deutsche Bank AG from $14.00 to $10.00. They now have a “buy” rating on the stock.
  • 10/30/2018 – Venator Materials was given a new $32.00 price target on by analysts at Alembic Global Advisors. They now have a “buy” rating on the stock.
  • 9/26/2018 – Venator Materials had its price target lowered by analysts at BMO Capital Markets from $17.00 to $13.00. They now have an “outperform” rating on the stock.
  • 9/25/2018 – Venator Materials was downgraded by analysts at UBS Group AG from a “buy” rating to a “hold” rating.
  • 9/25/2018 – Venator Materials had its price target lowered by analysts at Morgan Stanley from $17.50 to $10.00. They now have a “hold” rating on the stock.
  • 9/21/2018 – Venator Materials was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $29.00 price target on the stock.

NYSE:VNTR traded up $0.08 during trading hours on Tuesday, hitting $5.63. The stock had a trading volume of 1,476,475 shares, compared to its average volume of 958,394. Venator Materials PLC has a one year low of $5.21 and a one year high of $24.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.34 and a current ratio of 2.27. The company has a market capitalization of $595.84 million, a PE ratio of 3.24, a PEG ratio of 0.31 and a beta of 1.63.

Venator Materials (NYSE:VNTR) last issued its earnings results on Tuesday, October 30th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). Venator Materials had a negative net margin of 1.13% and a positive return on equity of 24.15%. The firm had revenue of $533.00 million during the quarter, compared to the consensus estimate of $577.99 million. During the same period in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. On average, sell-side analysts forecast that Venator Materials PLC will post 2.07 earnings per share for the current year.

In other news, Director Kathy Dawn Patrick bought 20,000 shares of the stock in a transaction on Wednesday, October 31st. The stock was purchased at an average price of $6.76 per share, with a total value of $135,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in Venator Materials in the first quarter worth about $192,000. Allianz Asset Management GmbH acquired a new stake in shares of Venator Materials in the first quarter valued at approximately $1,300,000. Vaughan Nelson Investment Management L.P. increased its stake in shares of Venator Materials by 30.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,630,200 shares of the company’s stock valued at $43,030,000 after purchasing an additional 608,000 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Venator Materials in the second quarter valued at approximately $215,000. Finally, NJ State Employees Deferred Compensation Plan increased its stake in shares of Venator Materials by 11.8% in the second quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock valued at $622,000 after purchasing an additional 4,000 shares during the period. Institutional investors own 38.73% of the company’s stock.

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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