Venator Materials (NYSE:VNTR) had its price target cut by Nomura from $13.00 to $12.00 in a research note released on Thursday morning. They currently have a neutral rating on the stock.

A number of other analysts have also recently weighed in on VNTR. Citigroup reduced their price target on Venator Materials from $30.00 to $27.00 and set a buy rating for the company in a research report on Wednesday, July 11th. Royal Bank of Canada cut Venator Materials from an outperform rating to a sector perform rating in a research report on Thursday. Bank of America cut Venator Materials from a buy rating to an underperform rating and reduced their price target for the stock from $24.00 to $12.00 in a research report on Wednesday, August 1st. Morgan Stanley reduced their price target on Venator Materials from $25.00 to $19.00 and set a hold rating for the company in a research report on Tuesday, July 17th. Finally, Deutsche Bank reduced their price target on Venator Materials from $24.00 to $18.00 and set a buy rating for the company in a research report on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Venator Materials presently has an average rating of Hold and a consensus price target of $23.87.

Shares of NYSE:VNTR opened at $10.27 on Thursday. Venator Materials has a fifty-two week low of $9.82 and a fifty-two week high of $26.90. The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 5.90. 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 (NYSE:VNTR) last announced its quarterly earnings results on Tuesday, July 31st. The company reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The company had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $666.44 million. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. analysts predict that Venator Materials will post 2.38 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Putnam Investments LLC acquired a new position in shares of Venator Materials during the 2nd quarter worth about $1,904,000. Lingohr & Partner Asset Management GmbH acquired a new position in shares of Venator Materials during the 2nd quarter worth about $1,410,000. Paloma Partners Management Co acquired a new position in shares of Venator Materials during the 2nd quarter worth about $471,000. Macquarie Group Ltd. lifted its position in shares of Venator Materials by 34.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock worth $46,691,000 after purchasing an additional 731,519 shares during the last quarter. Finally, Luminus Management LLC lifted 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 worth $69,168,000 after purchasing an additional 1,082,835 shares during the last quarter. 39.67% of the stock is owned by institutional investors and hedge funds.

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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