Venator Materials (NYSE:VNTR) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Venator Materials (NYSE:VNTR) from a sell rating to a hold rating in a research note published on Monday, February 4th.

VNTR has been the subject of several other research reports. Alembic Global Advisors set a $32.00 price target on shares of Venator Materials and gave the stock a buy rating in a research report on Tuesday, October 30th. Zacks Investment Research raised shares of Venator Materials from a sell rating to a hold rating in a research report on Saturday, January 5th. Deutsche Bank dropped their price objective on shares of Venator Materials from $14.00 to $10.00 and set a buy rating for the company in a research report on Wednesday, October 31st. Jefferies Financial Group reissued a buy rating on shares of Venator Materials in a research report on Sunday, November 4th. Finally, BMO Capital Markets dropped their price objective on shares of Venator Materials from $13.00 to $9.00 and set an outperform rating for the company in a research report on Wednesday, October 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $17.14.

VNTR stock traded up $0.16 during trading on Monday, reaching $6.05. 359,506 shares of the company were exchanged, compared to its average volume of 762,797. Venator Materials has a 52-week low of $3.59 and a 52-week high of $20.18. The company has a market cap of $643.72 million, a P/E ratio of 2.75, a P/E/G ratio of 1.05 and a beta of 1.66. The company has a current ratio of 2.07, a quick ratio of 1.34 and a debt-to-equity ratio of 0.87.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings results on Wednesday, February 20th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.15. The company had revenue of $484.00 million for the quarter, compared to the consensus estimate of $480.96 million. Venator Materials had a negative net margin of 7.20% and a positive return on equity of 21.34%. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.61 earnings per share. On average, equities research analysts expect that Venator Materials will post 0.6 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Venator Materials by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 377,224 shares of the company’s stock worth $1,580,000 after acquiring an additional 2,540 shares during the period. Vanguard Group Inc increased its stake in Venator Materials by 0.7% during the 3rd quarter. Vanguard Group Inc now owns 905,762 shares of the company’s stock valued at $8,152,000 after buying an additional 6,207 shares during the period. LPL Financial LLC increased its stake in Venator Materials by 18.5% during the 4th quarter. LPL Financial LLC now owns 48,379 shares of the company’s stock valued at $203,000 after buying an additional 7,568 shares during the period. NJ State Employees Deferred Compensation Plan increased its stake in Venator Materials by 21.1% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 46,000 shares of the company’s stock valued at $414,000 after buying an additional 8,000 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in Venator Materials by 5.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 161,384 shares of the company’s stock valued at $2,641,000 after buying an additional 8,037 shares during the period. 40.53% 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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