Venator Materials (VNTR) Shares Gap Up to $22.14

Shares of Venator Materials PLC (NYSE:VNTR) gapped up before the market opened on Tuesday . The stock had previously closed at $21.59, but opened at $22.14. Venator Materials shares last traded at $22.23, with a volume of 3066900 shares.

A number of analysts have recently issued reports on VNTR shares. Nomura boosted their target price on Venator Materials from $24.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Citigroup started coverage on Venator Materials in a report on Tuesday, August 29th. They set a “buy” rating and a $24.00 target price for the company. Bank of America reiterated a “buy” rating and set a $23.00 target price on shares of Venator Materials in a report on Monday, August 28th. Deutsche Bank reiterated a “buy” rating and set a $24.00 target price on shares of Venator Materials in a report on Monday, August 28th. Finally, Instinet assumed coverage on Venator Materials in a report on Monday, August 28th. They set a “buy” rating and a $24.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.33.

The company has a quick ratio of 1.25, a current ratio of 2.03 and a debt-to-equity ratio of 0.74.

Venator Materials (NYSE:VNTR) last released its quarterly earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The business’s revenue was up 9.4% on a year-over-year basis. sell-side analysts predict that Venator Materials PLC will post 2.04 EPS for the current fiscal year.

In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $103,000. Jane Street Group LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $255,000. Bank of New York Mellon Corp acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $297,000. Russell Investments Group Ltd. acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $505,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $512,000. 23.20% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Venator Materials (VNTR) Shares Gap Up to $22.14” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://sportsperspectives.com/2017/12/05/venator-materials-vntr-shares-gap-up-to-22-14.html.

About Venator Materials

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.

Latest News

Leave a Reply