Venator Materials (NYSE:VNTR) had its price objective lowered by investment analysts at Morgan Stanley from $17.50 to $10.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 12.87% from the company’s previous close.

Several other brokerages also recently issued reports on VNTR. Nomura lowered their price target on Venator Materials from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, September 13th. UBS Group lowered their price target on Venator Materials from $20.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, August 10th. Royal Bank of Canada downgraded Venator Materials from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 13th. Bank of America downgraded Venator Materials from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $24.00 to $12.00 in a report on Wednesday, August 1st. Finally, BMO Capital Markets lowered their price target on Venator Materials from $23.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, August 7th. 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. Venator Materials has a consensus rating of “Hold” and a consensus price target of $23.26.

NYSE:VNTR opened at $8.86 on Tuesday. Venator Materials has a 1-year low of $8.84 and a 1-year high of $26.90. The company has a current ratio of 2.32, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.00 billion and a price-to-earnings ratio of 5.09.

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

Several large investors have recently bought and sold shares of VNTR. FMR LLC bought a new position in shares of Venator Materials during the second quarter worth about $21,587,000. Citadel Advisors LLC grew its stake in Venator Materials by 103.8% in the first quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock valued at $42,030,000 after purchasing an additional 1,183,204 shares in the last quarter. Luminus Management LLC grew its stake in Venator Materials by 34.4% in the second quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock valued at $69,168,000 after purchasing an additional 1,082,835 shares in the last quarter. Millennium Management LLC grew its stake in Venator Materials by 80.6% in the first quarter. Millennium Management LLC now owns 1,831,286 shares of the company’s stock valued at $33,128,000 after purchasing an additional 817,555 shares in the last quarter. Finally, General American Investors Co. Inc. bought a new position in Venator Materials in the second quarter valued at approximately $12,394,000. Institutional investors and hedge funds own 39.66% of the company’s stock.

Venator Materials Company Profile

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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