Venator Materials (NYSE:VNTR) – SunTrust Banks upped their FY2018 EPS estimates for Venator Materials in a report released on Tuesday, Zacks Investment Research reports. SunTrust Banks analyst J. Sheehan now forecasts that the company will earn $3.04 per share for the year, up from their prior forecast of $2.78. SunTrust Banks also issued estimates for Venator Materials’ FY2019 earnings at $2.73 EPS.
Several other analysts have also recently commented on VNTR. Goldman Sachs cut Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Wednesday, December 6th. Morgan Stanley started coverage on Venator Materials in a report on Tuesday, January 30th. They set an “equal weight” rating and a $25.00 target price for the company. Barclays reiterated an “equal weight” rating and set a $25.00 target price (down previously from $27.00) on shares of Venator Materials in a report on Monday, February 26th. Zacks Investment Research upgraded Venator Materials from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Wednesday, February 28th. Finally, BMO Capital Markets started coverage on Venator Materials in a report on Tuesday, March 27th. They set an “outperform” rating and a $28.00 target price for the company. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $27.24.
VNTR traded down $0.44 during midday trading on Friday, hitting $17.65. The company’s stock had a trading volume of 264,763 shares, compared to its average volume of 807,032. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.77 and a quick ratio of 1.08. The stock has a market capitalization of $1,924.77 and a price-to-earnings ratio of 10.16. Venator Materials has a 52-week low of $17.17 and a 52-week high of $26.90.
Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Friday, February 23rd. The company reported $0.61 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.05). The business had revenue of $528.00 million during the quarter, compared to the consensus estimate of $539.36 million. Venator Materials’s revenue was up 7.5% on a year-over-year basis.
In related news, Director Kathy Dawn Patrick purchased 4,500 shares of Venator Materials stock in a transaction that occurred on Monday, February 26th. The shares were purchased at an average cost of $20.45 per share, with a total value of $92,025.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Peter R. Huntsman purchased 10,000 shares of Venator Materials stock in a transaction that occurred on Wednesday, February 28th. The shares were bought at an average cost of $19.44 per share, for a total transaction of $194,400.00. The disclosure for this purchase can be found here.
Several institutional investors and hedge funds have recently made changes to their positions in VNTR. Oppenheimer Asset Management Inc. acquired a new position in shares of Venator Materials in the 3rd quarter valued at approximately $103,000. QS Investors LLC acquired a new position in shares of Venator Materials in the 4th quarter valued at approximately $110,000. Wells Fargo & Company MN raised its position in shares of Venator Materials by 81,257.1% in the 4th quarter. Wells Fargo & Company MN now owns 5,695 shares of the company’s stock valued at $126,000 after purchasing an additional 5,688 shares in the last quarter. Deutsche Bank AG raised its position in shares of Venator Materials by 9,700.0% in the 4th quarter. Deutsche Bank AG now owns 9,800 shares of the company’s stock valued at $216,000 after purchasing an additional 9,700 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Venator Materials in the 4th quarter valued at approximately $248,000. 45.37% of the stock is currently owned by institutional investors.
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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