Venator Materials (NYSE:VNTR) was upgraded by equities researchers at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a $9.00 price target on the stock, up from their previous price target of $7.00. Royal Bank of Canada’s target price suggests a potential upside of 27.30% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Citigroup reaffirmed a “buy” rating and set a $7.50 target price on shares of Venator Materials in a report on Friday, February 22nd. UBS Group raised Venator Materials from a “neutral” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, February 6th. Zacks Investment Research raised Venator Materials from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, ValuEngine raised Venator Materials from a “sell” rating to a “hold” rating in a report on Monday, February 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Venator Materials currently has an average rating of “Buy” and a consensus price target of $16.46.
Venator Materials stock opened at $7.07 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.08. Venator Materials has a 52 week low of $3.59 and a 52 week high of $19.65. The stock has a market cap of $725.65 million, a P/E ratio of 3.21, a PEG ratio of 1.43 and a beta of 1.89.
Venator Materials (NYSE:VNTR) last released its earnings results on Wednesday, February 20th. The company reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.15. Venator Materials had a positive return on equity of 21.34% and a negative net margin of 7.20%. The firm had revenue of $484.00 million during the quarter, compared to the consensus estimate of $480.96 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The company’s revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Venator Materials will post 0.52 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in the business. Macquarie Group Ltd. lifted its holdings in Venator Materials by 9.1% in the third quarter. Macquarie Group Ltd. now owns 3,112,862 shares of the company’s stock valued at $28,016,000 after acquiring an additional 258,882 shares during the period. Bank of America Corp DE lifted its holdings in Venator Materials by 3,061.8% in the fourth quarter. Bank of America Corp DE now owns 2,478,540 shares of the company’s stock valued at $10,385,000 after acquiring an additional 2,400,150 shares during the period. Clearbridge Investments LLC lifted its holdings in Venator Materials by 1,048.7% in the third quarter. Clearbridge Investments LLC now owns 1,776,206 shares of the company’s stock valued at $15,986,000 after acquiring an additional 1,621,579 shares during the period. Norges Bank acquired a new position in Venator Materials in the fourth quarter valued at approximately $5,982,000. Finally, Two Sigma Investments LP lifted its holdings in Venator Materials by 116.2% in the fourth quarter. Two Sigma Investments LP now owns 1,412,962 shares of the company’s stock valued at $5,920,000 after acquiring an additional 759,495 shares during the period. 46.22% of the stock is owned by institutional investors.
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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