Shares of Venator Materials PLC (NYSE:VNTR) dropped 5.3% during trading on Tuesday after BMO Capital Markets lowered their price target on the stock from $17.00 to $13.00. BMO Capital Markets currently has an outperform rating on the stock. Venator Materials traded as low as $8.89 and last traded at $8.92. Approximately 1,649,400 shares traded hands during mid-day trading, an increase of 106% from the average daily volume of 801,893 shares. The stock had previously closed at $9.42.

Other analysts have also recently issued reports about the stock. Vertical Research cut shares of Venator Materials from a “buy” rating to a “$16.08” rating in a research note on Wednesday, July 18th. MED restated a “buy” rating and set a $32.00 price objective on shares of Venator Materials in a research note on Wednesday, August 29th. Citigroup decreased their price objective on shares of Venator Materials from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, July 11th. Nomura decreased their price objective on shares of Venator Materials from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Thursday, June 28th. Finally, Deutsche Bank decreased their price objective on shares of Venator Materials from $24.00 to $18.00 and set a “buy” rating for the company in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.26.

Several institutional investors and hedge funds have recently bought and sold shares of VNTR. Schwab Charles Investment Management Inc. lifted its stake in shares of Venator Materials by 4.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 153,347 shares of the company’s stock valued at $2,775,000 after purchasing an additional 7,151 shares during the period. Northern Trust Corp lifted its stake in shares of Venator Materials by 46.2% in the 1st quarter. Northern Trust Corp now owns 152,043 shares of the company’s stock valued at $2,750,000 after purchasing an additional 48,059 shares during the period. BlackRock Inc. lifted its stake in shares of Venator Materials by 8.4% in the 1st quarter. BlackRock Inc. now owns 1,139,941 shares of the company’s stock valued at $20,621,000 after purchasing an additional 88,182 shares during the period. Brinker Capital Inc. acquired a new position in shares of Venator Materials in the 1st quarter valued at $278,000. Finally, Natixis Advisors L.P. acquired a new position in shares of Venator Materials in the 1st quarter valued at $3,125,000. Hedge funds and other institutional investors own 39.66% of the company’s stock.

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 company has a market cap of $949.09 million and a PE ratio of 5.09.

Venator Materials (NYSE:VNTR) last posted its earnings results on Tuesday, July 31st. The company reported $0.85 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.85. Venator Materials had a net margin of 16.67% and a return on equity of 27.45%. The firm had revenue of $626.00 million during the quarter, compared to analysts’ expectations of $666.44 million. Venator Materials’s quarterly revenue was up 11.4% on a year-over-year basis. research analysts expect that Venator Materials PLC will post 2.33 EPS for the current year.

About Venator Materials (NYSE:VNTR)

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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