Equities researchers at Morgan Stanley began coverage on shares of Venator Materials (NYSE:VNTR) in a note issued to investors on Tuesday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $25.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 10.52% from the stock’s current price.
Several other brokerages have also recently issued reports on VNTR. Zacks Investment Research cut Venator Materials from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. UBS Group lifted their target price on Venator Materials from $22.00 to $27.00 and gave the company a “neutral” rating in a research report on Monday, October 30th. JPMorgan Chase & Co. lifted their target price on Venator Materials from $23.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, October 30th. SunTrust Banks lifted their target price on Venator Materials from $27.00 to $29.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Bank of America lifted their target price on Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Venator Materials presently has a consensus rating of “Buy” and a consensus target price of $27.31.
Venator Materials (VNTR) opened at $22.62 on Tuesday. The stock has a market capitalization of $2,400.00 and a P/E ratio of 41.13. 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 has a 1 year low of $17.85 and a 1 year high of $26.90.
A number of hedge funds have recently bought and sold shares of the business. Jennison Associates LLC boosted its position in Venator Materials by 47.5% in the fourth quarter. Jennison Associates LLC now owns 3,116,076 shares of the company’s stock worth $68,928,000 after purchasing an additional 1,003,972 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Venator Materials in the fourth quarter worth $926,000. Schwab Charles Investment Management Inc. raised its stake in shares of Venator Materials by 120.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 146,196 shares of the company’s stock valued at $3,234,000 after buying an additional 79,783 shares during the period. Greenlight Capital Inc. bought a new stake in shares of Venator Materials in the third quarter valued at $38,420,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Venator Materials in the third quarter valued at $512,000. 23.32% of the stock is currently owned by institutional investors and hedge funds.
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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.
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