Venator Materials (VNTR) Shares Gap Down to $8.00

Venator Materials PLC (NYSE:VNTR) gapped down before the market opened on Tuesday . The stock had previously closed at $8.49, but opened at $8.00. Venator Materials shares last traded at $6.47, with a volume of 5130752 shares changing hands.

Several equities research analysts have recently weighed in on VNTR shares. Citigroup decreased their price target on Venator Materials from $30.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, July 11th. Morgan Stanley decreased their price target on Venator Materials from $25.00 to $19.00 and set a “hold” rating on the stock in a research report on Tuesday, July 17th. Vertical Research cut Venator Materials from a “buy” rating to a “$16.08” rating in a research report on Wednesday, July 18th. Bank of America cut Venator Materials from a “buy” rating to an “underperform” rating and decreased their price target for the company from $24.00 to $12.00 in a research report on Wednesday, August 1st. Finally, Nomura cut Venator Materials from a “buy” rating to a “neutral” rating and decreased their price target for the company from $22.00 to $13.00 in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.50.

The company has a debt-to-equity ratio of 0.56, a current ratio of 2.32 and a quick ratio of 1.49. The firm has a market capitalization of $866.09 million, a P/E ratio of 3.72, a PEG ratio of 0.40 and a beta of 1.07.



Venator Materials (NYSE:VNTR) last issued its quarterly earnings data on Tuesday, July 31st. The company reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Venator Materials had a return on equity of 27.45% and a net margin of 16.67%. The company had revenue of $626.00 million during the quarter, compared to analyst estimates of $666.44 million. The business’s revenue was up 11.4% compared to the same quarter last year. On average, analysts anticipate that Venator Materials PLC will post 2.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Luminus Management LLC grew its holdings in shares of Venator Materials by 34.4% during the second quarter. Luminus Management LLC now owns 4,227,858 shares of the company’s stock worth $69,168,000 after purchasing an additional 1,082,835 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Venator Materials by 34.5% during the second quarter. Macquarie Group Ltd. now owns 2,853,980 shares of the company’s stock worth $46,691,000 after purchasing an additional 731,519 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Venator Materials by 30.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,630,200 shares of the company’s stock worth $43,030,000 after purchasing an additional 608,000 shares in the last quarter. FMR LLC purchased a new position in shares of Venator Materials during the second quarter worth about $21,587,000. Finally, General American Investors Co. Inc. grew its holdings in shares of Venator Materials by 57.0% during the third quarter. General American Investors Co. Inc. now owns 1,189,536 shares of the company’s stock worth $10,706,000 after purchasing an additional 431,941 shares in the last quarter. 39.69% of the stock is owned by 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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