Venator Materials (VNTR) Price Target Lowered to $9.00 at BMO Capital Markets

Venator Materials (NYSE:VNTR) had its price objective cut by analysts at BMO Capital Markets from $13.00 to $9.00 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 33.14% from the stock’s previous close.

Several other research analysts have also recently issued reports on VNTR. Nomura cut shares of Venator Materials from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $22.00 to $13.00 in a report on Wednesday, August 1st. Citigroup decreased their target price on shares of Venator Materials from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, July 11th. Alembic Global Advisors set a $32.00 target price on shares of Venator Materials and gave the stock a “buy” rating in a report on Tuesday. Bank of America cut shares of Venator Materials from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $24.00 to $12.00 in a report on Wednesday, August 1st. Finally, Morgan Stanley decreased their target price on shares of Venator Materials from $25.00 to $19.00 and set a “hold” rating for the company in a report on Tuesday, July 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.27.

Venator Materials stock traded up $0.29 during trading hours on Wednesday, hitting $6.76. The stock had a trading volume of 123,119 shares, compared to its average volume of 1,509,478. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.32. The stock has a market capitalization of $866.09 million, a PE ratio of 3.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. Venator Materials has a 12-month low of $6.27 and a 12-month high of $25.23.

Venator Materials (NYSE:VNTR) last issued its earnings results on Tuesday, October 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The firm had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $577.99 million. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period last year, the firm posted $0.70 earnings per share. As a group, equities research analysts forecast that Venator Materials will post 2.33 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in VNTR. Legal & General Group Plc bought a new stake in Venator Materials during the first quarter valued at approximately $192,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Venator Materials during the second quarter valued at approximately $215,000. Creative Planning grew its position in Venator Materials by 137.9% during the third quarter. Creative Planning now owns 33,300 shares of the company’s stock valued at $300,000 after buying an additional 19,300 shares during the period. Barclays PLC grew its position in Venator Materials by 330.3% during the first quarter. Barclays PLC now owns 21,492 shares of the company’s stock valued at $390,000 after buying an additional 16,497 shares during the period. Finally, NJ State Employees Deferred Compensation Plan grew its position in Venator Materials by 21.1% during the third quarter. NJ State Employees Deferred Compensation Plan now owns 46,000 shares of the company’s stock valued at $414,000 after buying an additional 8,000 shares during the period. Institutional investors own 39.69% of the company’s stock.

About Venator Materials

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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