Venator Materials PLC (VNTR) Cut to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Venator Materials PLC (NYSE:VNTR) from a strong-buy rating to a hold rating in a report published on Wednesday.

According to Zacks, “Venator Materials PLC is a manufacturer and marketer of chemical products. The company’s product comprises a broad range of pigments and additives that bring color and vibrancy to building, protect and extend product life and reduce energy consumption. Its operating segment consists of Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments, timber treatment and water treatment businesses. Venator Materials PLC is headquartered in The Woodlands, Texas. “

Several other brokerages have also weighed in on VNTR. UBS AG started coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They set a neutral rating and a $22.00 price objective for the company. Royal Bank Of Canada reaffirmed a buy rating and issued a $28.00 price target on shares of Venator Materials PLC in a report on Wednesday, October 18th. SunTrust Banks, Inc. started coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They issued a buy rating and a $25.00 price target for the company. Nomura lifted their price target on shares of Venator Materials PLC from $24.00 to $26.00 and gave the company a buy rating in a report on Tuesday, October 10th. Finally, Bank of America Corporation reaffirmed a buy rating and issued a $23.00 price target on shares of Venator Materials PLC in a report on Monday, August 28th. Three investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $27.00.

Venator Materials PLC (NYSE VNTR) traded up $0.09 during trading on Wednesday, reaching $23.10. 216,484 shares of the company traded hands, compared to its average volume of 645,901. Venator Materials PLC has a 12-month low of $17.85 and a 12-month high of $26.90. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74.

Venator Materials PLC (NYSE:VNTR) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC’s quarterly revenue was up 9.4% on a year-over-year basis. equities analysts expect that Venator Materials PLC will post 2.04 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in VNTR. First Trust Advisors LP bought a new stake in shares of Venator Materials PLC during the 3rd quarter worth about $1,863,000. Victory Capital Management Inc. bought a new stake in shares of Venator Materials PLC in the 3rd quarter worth approximately $33,036,000. State of Wisconsin Investment Board bought a new stake in shares of Venator Materials PLC in the 3rd quarter worth approximately $4,023,000. Jennison Associates LLC bought a new stake in shares of Venator Materials PLC in the 3rd quarter worth approximately $47,734,000. Finally, Sei Investments Co. bought a new stake in shares of Venator Materials PLC in the 3rd quarter worth approximately $2,854,000. Institutional investors own 3.99% of the company’s stock.

Venator Materials PLC Company Profile

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.

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