JPMorgan Chase & Co. cut shares of Venator Materials (NYSE:VNTR) from an overweight rating to a neutral rating in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage currently has $29.00 price target on the stock.

Other research analysts also recently issued research reports about the stock. Vertical Research downgraded shares of Venator Materials from a buy rating to a $16.08 rating in a report on Wednesday, July 18th. Citigroup dropped 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. Nomura dropped their target price on shares of Venator Materials from $28.00 to $22.00 and set a buy rating for the company in a report on Thursday, June 28th. Deutsche Bank dropped their price objective on shares of Venator Materials from $24.00 to $18.00 and set a buy rating for the company in a report on Wednesday, August 1st. Finally, MED reissued a buy rating and set a $32.00 price objective on shares of Venator Materials in a report on Wednesday, August 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $23.87.

Shares of Venator Materials stock opened at $9.42 on Friday. The firm has a market capitalization of $1.05 billion and a P/E ratio of 5.41. The company has a quick ratio of 1.49, a current ratio of 2.32 and a debt-to-equity ratio of 0.56. Venator Materials has a fifty-two week low of $9.12 and a fifty-two week high of $26.90.

Venator Materials (NYSE:VNTR) last issued its earnings results on Tuesday, July 31st. The company reported $0.85 earnings per share for the quarter, hitting the consensus estimate of $0.85. The company had revenue of $626.00 million during the quarter, compared to the consensus estimate of $666.44 million. Venator Materials had a net margin of 16.67% and a return on equity of 27.45%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. sell-side analysts forecast that Venator Materials will post 2.38 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VNTR. FMR LLC bought a new position in shares of Venator Materials during the 2nd quarter valued at about $21,587,000. Citadel Advisors LLC raised its position in shares of Venator Materials by 103.8% during the 1st quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock valued at $42,030,000 after buying an additional 1,183,204 shares in the last quarter. Luminus Management LLC raised its position in shares of Venator Materials by 34.4% during the 2nd quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock valued at $69,168,000 after buying an additional 1,082,835 shares in the last quarter. Millennium Management LLC raised its position in shares of Venator Materials by 80.6% during the 1st quarter. Millennium Management LLC now owns 1,831,286 shares of the company’s stock valued at $33,128,000 after buying an additional 817,555 shares in the last quarter. Finally, General American Investors Co. Inc. purchased a new stake in shares of Venator Materials during the 2nd quarter valued at about $12,394,000. 39.66% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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