Venator Materials PLC (NASDAQ:VNTR) had its price target lifted by SunTrust Banks, Inc. from $27.00 to $29.00 in a research note issued to investors on Monday, October 30th. The brokerage currently has a buy rating on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $1.74 EPS, FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.94 EPS.
Several other brokerages also recently weighed in on VNTR. Zacks Investment Research upgraded Venator Materials PLC from a hold rating to a strong-buy rating and set a $26.00 price target on the stock in a report on Tuesday, October 10th. Barclays PLC started coverage on Venator Materials PLC in a research report on Monday, August 28th. They set an equal weight rating and a $22.00 target price on the stock. Jefferies Group LLC assumed coverage on Venator Materials PLC in a research report on Monday, August 7th. They set a buy rating and a $25.00 target price on the stock. Bank of America Corporation reissued a buy rating and issued a $23.00 price objective on shares of Venator Materials PLC in a research report on Monday, August 28th. Finally, Instinet reissued a buy rating and issued a $26.00 price objective (up previously from $24.00) on shares of Venator Materials PLC in a research report on Friday, October 13th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Venator Materials PLC has a consensus rating of Buy and an average target price of $27.00.
Shares of Venator Materials PLC (NASDAQ:VNTR) traded up $0.35 during midday trading on Monday, reaching $22.88. The company’s stock had a trading volume of 412,833 shares, compared to its average volume of 703,091. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90.
Venator Materials PLC (NASDAQ:VNTR) last issued its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.25. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis.
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Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. purchased a new position in Venator Materials PLC in the third quarter valued at $103,000. Jane Street Group LLC acquired a new position in Venator Materials PLC in the third quarter valued at $255,000. Bank of New York Mellon Corp acquired a new position in Venator Materials PLC in the third quarter valued at $297,000. Russell Investments Group Ltd. acquired a new position in Venator Materials PLC in the third quarter valued at $505,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Venator Materials PLC in the third quarter valued at $512,000.
Venator Materials PLC Company Profile
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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