Venator Materials (NYSE:VNTR) had its price objective lowered by investment analysts at BMO Capital Markets from $17.00 to $13.00 in a research report issued on Wednesday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 45.74% from the company’s previous close.
A number of other research firms have also recently commented on VNTR. Nomura decreased their price target on Venator Materials from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, June 28th. Citigroup decreased their price target on Venator Materials from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 11th. Morgan Stanley decreased their price target on Venator Materials from $25.00 to $19.00 and set a “hold” rating for the company in a research note on Tuesday, July 17th. Vertical Research cut Venator Materials from a “buy” rating to a “$16.08” rating in a research note on Wednesday, July 18th. Finally, Bank of America cut Venator Materials from a “buy” rating to an “underperform” rating and decreased their price target for the company from $24.00 to $12.00 in a research note on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.26.
Shares of NYSE VNTR opened at $8.92 on Wednesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49. The firm has a market cap of $1.00 billion and a P/E ratio of 5.13. Venator Materials has a 1-year low of $8.89 and a 1-year high of $26.90.
Several hedge funds have recently made changes to their positions in VNTR. NJ State Employees Deferred Compensation Plan grew its holdings in Venator Materials by 11.8% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock worth $622,000 after acquiring an additional 4,000 shares during the period. LPL Financial LLC grew its holdings in Venator Materials by 19.0% during the first quarter. LPL Financial LLC now owns 29,515 shares of the company’s stock worth $534,000 after acquiring an additional 4,722 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Venator Materials by 4.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 153,347 shares of the company’s stock worth $2,775,000 after acquiring an additional 7,151 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Venator Materials during the first quarter worth about $174,000. Finally, Legal & General Group Plc acquired a new stake in Venator Materials during the first quarter worth about $192,000. 39.66% of the stock is currently owned by institutional investors and hedge funds.
Venator Materials Company Profile
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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