Venator Materials PLC (NYSE:VNTR)’s stock price was up 5.5% on Friday . The company traded as high as $1.78 and last traded at $1.73, approximately 173,627 shares were traded during trading. A decline of 56% from the average daily volume of 394,554 shares. The stock had previously closed at $1.64.
A number of equities analysts have weighed in on VNTR shares. Deutsche Bank cut their target price on shares of Venator Materials from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Zacks Investment Research downgraded shares of Venator Materials from a “buy” rating to a “hold” rating in a report on Saturday, July 4th. ValuEngine raised shares of Venator Materials from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. Citigroup increased their price target on shares of Venator Materials from $1.40 to $1.80 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, SunTrust Banks lowered their price target on shares of Venator Materials from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, May 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. Venator Materials has a consensus rating of “Hold” and an average target price of $2.52.
The business’s 50 day moving average is $1.82 and its two-hundred day moving average is $2.07. The firm has a market capitalization of $184.35 million, a PE ratio of 7.13 and a beta of 1.71. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.00 and a quick ratio of 0.99.
Venator Materials (NYSE:VNTR) last announced its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The business had revenue of $532.00 million for the quarter, compared to the consensus estimate of $523.20 million. Venator Materials had a negative net margin of 7.86% and a positive return on equity of 3.13%. Analysts expect that Venator Materials PLC will post -0.08 EPS for the current fiscal year.
In other Venator Materials news, Director Douglas Delano Anderson purchased 20,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The shares were purchased at an average cost of $1.30 per share, with a total value of $26,000.00. Following the completion of the purchase, the director now owns 25,300 shares of the company’s stock, valued at approximately $32,890. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.40% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC raised its stake in shares of Venator Materials by 27.5% during the fourth quarter. Renaissance Technologies LLC now owns 800,853 shares of the company’s stock worth $3,067,000 after acquiring an additional 172,715 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Venator Materials by 22.4% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 165,124 shares of the company’s stock worth $284,000 after purchasing an additional 30,174 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Venator Materials in the second quarter worth approximately $72,000. Norges Bank bought a new position in shares of Venator Materials in the fourth quarter worth approximately $9,749,000. Finally, Bank of America Corp DE grew its holdings in shares of Venator Materials by 54.3% in the fourth quarter. Bank of America Corp DE now owns 476,730 shares of the company’s stock worth $1,825,000 after purchasing an additional 167,721 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.
Venator Materials Company Profile (NYSE:VNTR)
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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