Alembic Global Advisors Analysts Give Venator Materials (VNTR) a $32.00 Price Target

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Alembic Global Advisors set a $32.00 price target on Venator Materials (NYSE:VNTR) in a report published on Tuesday morning. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently commented on VNTR. Nomura downgraded Venator Materials from a buy rating to a neutral rating and cut their price objective for the company from $22.00 to $13.00 in a report on Wednesday, August 1st. Citigroup cut their price objective on Venator Materials from $30.00 to $27.00 and set a buy rating for the company in a report on Wednesday, July 11th. Bank of America downgraded Venator Materials from a buy rating to an underperform rating and cut their price objective for the company from $24.00 to $12.00 in a report on Wednesday, August 1st. Morgan Stanley cut their price objective on Venator Materials from $25.00 to $19.00 and set a hold rating for the company in a report on Tuesday, July 17th. Finally, Deutsche Bank cut their price objective on Venator Materials from $24.00 to $18.00 and set a buy rating for the company in a report on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $22.07.

NYSE VNTR opened at $6.47 on Tuesday. The company has a market capitalization of $866.09 million, a PE ratio of 3.72, a P/E/G ratio of 0.39 and a beta of 1.04. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49. Venator Materials has a 12 month low of $6.27 and a 12 month high of $25.23.

Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $533.00 million during the quarter, compared to analyst estimates of $577.99 million. Venator Materials had a net margin of 16.67% and a return on equity of 27.45%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.70 EPS. On average, sell-side analysts forecast that Venator Materials will post 2.33 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in VNTR. FMR LLC acquired a new stake in Venator Materials during the 2nd quarter valued at $21,587,000. Luminus Management LLC lifted its holdings in 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 purchasing an additional 1,082,835 shares during the last quarter. General American Investors Co. Inc. acquired a new stake in Venator Materials during the 2nd quarter valued at $12,394,000. Macquarie Group Ltd. lifted its holdings in Venator Materials by 34.5% during the 2nd quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock valued at $46,691,000 after purchasing an additional 731,519 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Venator Materials by 30.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,630,200 shares of the company’s stock valued at $43,030,000 after purchasing an additional 608,000 shares during the last quarter. 39.69% 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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