Brokerages Set Venator Materials PLC (VNTR) Target Price at $26.92

Venator Materials PLC (NASDAQ:VNTR) has earned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.92.

Several equities analysts have issued reports on VNTR shares. Nomura upped their price objective on shares of Venator Materials PLC from $24.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Citigroup Inc. started coverage on shares of Venator Materials PLC in a research note on Tuesday, August 29th. They issued a “buy” rating and a $24.00 price objective for the company. Bank of America Corporation restated a “buy” rating and issued a $23.00 price objective on shares of Venator Materials PLC in a research note on Monday, August 28th. Deutsche Bank AG reiterated a “buy” rating and set a $24.00 target price on shares of Venator Materials PLC in a research note on Monday, August 28th. Finally, Instinet assumed coverage on shares of Venator Materials PLC in a research note on Monday, August 28th. They set a “buy” rating and a $24.00 target price for the company.

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Venator Materials PLC (NASDAQ VNTR) traded up $0.35 during midday trading on Friday, reaching $22.88. 410,227 shares of the company’s stock traded hands, compared to its average volume of 703,091. Venator Materials PLC has a one year low of $17.85 and a one year high of $26.90.

Venator Materials PLC (NASDAQ:VNTR) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.25. Venator Materials PLC had a net margin of 6.05% and a return on equity of 18.31%. The company had revenue of $582.00 million during the quarter, compared to the consensus estimate of $568.31 million. The business’s quarterly revenue was up 9.4% compared to the same quarter last year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of Venator Materials PLC during the third quarter worth about $33,036,000. First Trust Advisors LP purchased a new position in Venator Materials PLC during the third quarter worth about $1,863,000. Barings LLC purchased a new position in Venator Materials PLC during the third quarter worth about $2,192,000. Citadel Advisors LLC purchased a new position in Venator Materials PLC during the third quarter worth about $24,288,000. Finally, SG Capital Management LLC purchased a new position in Venator Materials PLC during the third quarter worth about $4,497,000.

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.

Analyst Recommendations for Venator Materials PLC (NASDAQ:VNTR)

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