Venator Materials PLC (NYSE:VNTR) Given Consensus Recommendation of “Hold” by Brokerages


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Shares of Venator Materials PLC (NYSE:VNTR) have been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.45.

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Venator Materials from $3.00 to $5.50 and gave the stock a “buy” rating in a research report on Thursday, February 25th. Zacks Investment Research cut shares of Venator Materials from a “buy” rating to a “hold” rating in a research report on Saturday, February 27th.

A number of hedge funds and other institutional investors have recently made changes to their positions in VNTR. Charles Schwab Investment Management Inc. increased its position in Venator Materials by 36.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 250,870 shares of the company’s stock valued at $485,000 after acquiring an additional 66,391 shares during the period. Squarepoint Ops LLC increased its position in Venator Materials by 27.8% in the 3rd quarter. Squarepoint Ops LLC now owns 164,915 shares of the company’s stock valued at $318,000 after acquiring an additional 35,879 shares during the period. Boston Partners increased its position in Venator Materials by 24.9% in the 4th quarter. Boston Partners now owns 243,279 shares of the company’s stock valued at $805,000 after acquiring an additional 48,445 shares during the period. Monarch Partners Asset Management LLC acquired a new position in Venator Materials in the 4th quarter valued at approximately $1,598,000. Finally, Russell Investments Group Ltd. increased its position in Venator Materials by 145.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,923,679 shares of the company’s stock valued at $6,358,000 after acquiring an additional 1,140,957 shares during the period. Hedge funds and other institutional investors own 31.79% of the company’s stock.

Shares of Venator Materials stock traded up $0.14 on Wednesday, reaching $4.80. 155,415 shares of the stock were exchanged, compared to its average volume of 540,813. The firm’s 50 day moving average is $4.54 and its 200-day moving average is $3.45. Venator Materials has a one year low of $1.12 and a one year high of $5.48. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.80 and a current ratio of 3.13. The firm has a market cap of $511.49 million, a PE ratio of -2.25 and a beta of 1.96.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Wednesday, February 24th. The company reported ($0.12) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.02. Venator Materials had a negative net margin of 11.84% and a negative return on equity of 2.86%. The company had revenue of $476.00 million during the quarter, compared to the consensus estimate of $474.93 million. On average, equities research analysts expect that Venator Materials will post -0.23 EPS for the current fiscal year.

Venator Materials Company Profile

Venator Materials PLC, together with its subsidiaries, 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 ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, polyester fibers, polyamide fibers, catalysts, paper, and food and personal care products.

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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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