Venator Materials (NYSE:VNTR) Raised to Buy at Bank of America

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Venator Materials (NYSE:VNTR) was upgraded by research analysts at Bank of America from an “underperform” rating to a “buy” rating in a note issued to investors on Friday, The Fly reports.

Several other brokerages have also weighed in on VNTR. Nomura decreased their target price on shares of Venator Materials from $6.00 to $3.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. BMO Capital Markets decreased their target price on shares of Venator Materials from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, August 9th. Citigroup lowered shares of Venator Materials from a “buy” rating to a “neutral” rating and decreased their target price for the company from $7.50 to $4.50 in a research report on Friday, July 12th. Royal Bank of Canada lowered shares of Venator Materials from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from $8.00 to $3.00 in a research report on Friday, August 9th. Finally, UBS Group set a $7.00 target price on shares of Venator Materials and gave the company a “buy” rating in a research report on Wednesday, August 7th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Venator Materials presently has an average rating of “Buy” and an average price target of $13.40.

NYSE:VNTR opened at $2.01 on Friday. The firm’s 50-day moving average is $3.97 and its 200-day moving average is $5.15. Venator Materials has a 52-week low of $1.85 and a 52-week high of $12.60. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.17 and a current ratio of 2.25. The company has a market cap of $223.44 million, a price-to-earnings ratio of 0.91, a PEG ratio of 0.43 and a beta of 2.33.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). Venator Materials had a positive return on equity of 9.02% and a negative net margin of 19.42%. The company had revenue of $578.00 million for the quarter, compared to the consensus estimate of $585.27 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts predict that Venator Materials will post 0.44 EPS for the current year.

In other news, insider Kurt Ogden purchased 15,000 shares of the business’s stock in a transaction on Monday, August 12th. The stock was purchased at an average price of $2.23 per share, for a total transaction of $33,450.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kathy Dawn Patrick acquired 60,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average cost of $2.69 per share, for a total transaction of $161,400.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 135,500 shares of company stock valued at $374,585. Insiders own 0.31% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of Venator Materials by 1,172.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,883 shares of the company’s stock valued at $79,000 after acquiring an additional 13,713 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Venator Materials by 229.2% in the 4th quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after buying an additional 24,339 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Venator Materials by 22.8% in the 4th quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock valued at $188,000 after acquiring an additional 8,322 shares during the period. M&T Bank Corp raised its stake in Venator Materials by 54.1% in the 2nd quarter. M&T Bank Corp now owns 36,216 shares of the company’s stock valued at $191,000 after acquiring an additional 12,709 shares during the period. Finally, Quantitative Systematic Strategies LLC raised its stake in Venator Materials by 187.6% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 37,243 shares of the company’s stock valued at $197,000 after acquiring an additional 24,294 shares during the period. 44.10% of the stock is currently owned by institutional investors and hedge funds.

About Venator Materials

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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