Venator Materials PLC (NASDAQ:VNTR) – SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for Venator Materials PLC in a research note issued to investors on Monday. SunTrust Banks analyst J. Sheehan now anticipates that the company will post earnings per share of $1.74 for the year, up from their prior forecast of $1.73. SunTrust Banks has a “Buy” rating and a $29.00 price objective on the stock.
Other analysts have also issued reports about the company. Citigroup Inc. lifted their price target on Venator Materials PLC from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday. J P Morgan Chase & Co started coverage on Venator Materials PLC in a report on Monday, August 28th. They set an “overweight” rating and a $23.00 price target on the stock. Nomura started coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “buy” rating and a $24.00 price target on the stock. Royal Bank Of Canada started coverage on Venator Materials PLC in a report on Monday, August 28th. They set an “outperform” rating and a $23.00 price target on the stock. Finally, Bank of America Corporation lifted their price target on Venator Materials PLC from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.71.
Venator Materials PLC (NASDAQ:VNTR) last posted its earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. Venator Materials PLC’s revenue was up 9.4% compared to the same quarter last year.
Several hedge funds and other institutional investors have recently made changes to their positions in VNTR. Victory Capital Management Inc. purchased a new position in shares of Venator Materials PLC in the third quarter valued at $33,036,000. State of Wisconsin Investment Board purchased a new position in shares of Venator Materials PLC in the third quarter valued at $4,023,000. Finally, First Trust Advisors LP purchased a new position in shares of Venator Materials PLC in the third quarter valued at $1,863,000.
In other news, major shareholder Corp Huntsman sold 26,105,000 shares of Venator Materials PLC stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
About Venator Materials PLC
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
Receive News & Ratings for Venator Materials PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Venator Materials PLC and related companies with MarketBeat.com's FREE daily email newsletter.