Venator Materials (VNTR) Downgraded by UBS Group to Hold

Venator Materials (NYSE:VNTR) was downgraded by UBS Group from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.

Several other equities analysts have also issued reports on VNTR. Nomura reduced their target price on Venator Materials from $28.00 to $22.00 and set a “buy” rating for the company in a report on Thursday, June 28th. JPMorgan Chase & Co. lowered Venator Materials from an “overweight” rating to a “neutral” rating and set a $29.00 target price for the company. in a report on Friday, September 21st. Citigroup reduced their target price on Venator Materials from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, July 11th. Bank of America lowered Venator Materials from a “buy” rating to an “underperform” rating and reduced their target price for the company from $24.00 to $12.00 in a report on Wednesday, August 1st. Finally, Deutsche Bank reduced their target price on Venator Materials from $24.00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, August 1st. Three equities research 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 has an average rating of “Hold” and a consensus price target of $23.26.

Shares of VNTR opened at $8.86 on Tuesday. 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 company has a market cap of $1.00 billion and a price-to-earnings ratio of 5.09. Venator Materials has a 52 week low of $8.84 and a 52 week high of $26.90.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.85 EPS for the quarter, hitting analysts’ consensus estimates of $0.85. The firm had revenue of $626.00 million during the quarter, compared to analyst estimates of $666.44 million. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The firm’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts expect that Venator Materials will post 2.38 EPS for the current year.

A number of institutional investors have recently bought and sold shares of VNTR. FMR LLC purchased a new position in Venator Materials in the second quarter valued at approximately $21,587,000. Citadel Advisors LLC lifted its stake in Venator Materials by 103.8% in the first quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock valued at $42,030,000 after purchasing an additional 1,183,204 shares during the last quarter. Luminus Management LLC lifted its stake in Venator Materials by 34.4% in the second quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock valued at $69,168,000 after purchasing an additional 1,082,835 shares during the last quarter. Millennium Management LLC lifted its stake in Venator Materials by 80.6% in the first quarter. Millennium Management LLC now owns 1,831,286 shares of the company’s stock valued at $33,128,000 after purchasing an additional 817,555 shares during the last quarter. Finally, General American Investors Co. Inc. purchased a new position in Venator Materials in the second quarter valued at approximately $12,394,000. Institutional investors and hedge funds own 39.66% 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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