Venator Materials (VNTR) Hits New 1-Year Low Following Analyst Downgrade

Venator Materials PLC (NYSE:VNTR)’s share price reached a new 52-week low during trading on Thursday after Nomura lowered their price target on the stock from $28.00 to $22.00. Nomura currently has a buy rating on the stock. Venator Materials traded as low as $15.74 and last traded at $15.96, with a volume of 30645 shares changing hands. The stock had previously closed at $16.16.

Several other equities analysts have also commented on the stock. Zacks Investment Research lowered shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Friday, May 4th. ValuEngine lowered shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Wells Fargo & Co initiated coverage on shares of Venator Materials in a report on Wednesday, April 25th. They issued an “outperform” rating and a $28.00 price target on the stock. Citigroup raised their price target on shares of Venator Materials from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, April 10th. Finally, BMO Capital Markets initiated coverage on shares of Venator Materials in a report on Tuesday, March 27th. They issued an “outperform” rating and a $28.00 price target on the stock. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Venator Materials presently has an average rating of “Buy” and an average price target of $27.11.

A number of institutional investors have recently made changes to their positions in the business. Zimmer Partners LP lifted its position in shares of Venator Materials by 104.7% in the 4th quarter. Zimmer Partners LP now owns 4,129,000 shares of the company’s stock worth $91,333,000 after purchasing an additional 2,112,060 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Venator Materials in the 1st quarter worth about $36,581,000. Luminus Management LLC lifted its position in shares of Venator Materials by 192.9% in the 4th quarter. Luminus Management LLC now owns 2,203,174 shares of the company’s stock worth $48,734,000 after purchasing an additional 1,450,910 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its position in shares of Venator Materials by 248.1% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 1,782,911 shares of the company’s stock worth $39,438,000 after purchasing an additional 1,270,696 shares during the period. Finally, Citadel Advisors LLC lifted its position in shares of Venator Materials by 103.8% in the 1st quarter. Citadel Advisors LLC now owns 2,323,353 shares of the company’s stock worth $42,030,000 after purchasing an additional 1,183,204 shares during the period. 41.80% of the stock is currently owned by institutional investors and hedge funds.

The company has a current ratio of 1.84, a quick ratio of 1.13 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $1.76 billion and a P/E ratio of 9.19.

Venator Materials (NYSE:VNTR) last posted its earnings results on Tuesday, May 1st. The company reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. Venator Materials had a net margin of 9.94% and a return on equity of 23.75%. The firm had revenue of $622.00 million during the quarter, compared to analysts’ expectations of $646.95 million. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. analysts predict that Venator Materials PLC will post 3.15 EPS for the current year.

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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