Bank of America Upgrades Venator Materials (NYSE:VNTR) to Buy

Bank of America upgraded shares of Venator Materials (NYSE:VNTR) from an underperform rating to a buy rating in a report released on Friday, BenzingaRatingsTable reports.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets dropped their price objective on Venator Materials from $8.00 to $7.00 and set an outperform rating on the stock in a research report on Friday, August 9th. UBS Group set a $7.00 price objective on Venator Materials and gave the company a buy rating in a research report on Wednesday, August 7th. Royal Bank of Canada cut Venator Materials from an outperform rating to a sector perform rating and dropped their price objective for the company from $8.00 to $3.00 in a research report on Friday, August 9th. Morgan Stanley set a $6.00 price objective on Venator Materials and gave the company a hold rating in a research report on Wednesday, June 19th. Finally, Nomura dropped their price objective on Venator Materials from $6.00 to $3.50 and set a neutral rating on the stock in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $13.40.

Venator Materials stock opened at $2.36 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.25 and a quick ratio of 1.17. Venator Materials has a one year low of $1.85 and a one year high of $12.60. The stock has a market capitalization of $213.86 million, a PE ratio of 1.07, a price-to-earnings-growth ratio of 0.56 and a beta of 2.33. The business’s fifty day moving average is $3.73 and its 200 day moving average is $5.09.



Venator Materials (NYSE:VNTR) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). Venator Materials had a negative net margin of 19.42% and a positive return on equity of 9.02%. The business had revenue of $578.00 million for the quarter, compared to analysts’ expectations of $585.27 million. During the same period last year, the business earned $0.85 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis. As a group, sell-side analysts expect that Venator Materials will post 0.34 EPS for the current fiscal year.

In other news, Director Kathy Dawn Patrick bought 10,500 shares of the company’s stock in a transaction on Wednesday, May 29th. The shares were acquired at an average cost of $4.47 per share, with a total value of $46,935.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kurt Ogden acquired 15,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $2.23 per share, for a total transaction of $33,450.00. The disclosure for this purchase can be found here. Insiders acquired 140,800 shares of company stock worth $385,238 over the last three months. Insiders own 0.66% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of VNTR. Tower Research Capital LLC TRC raised its stake in shares of Venator Materials by 1,172.1% in the second quarter. Tower Research Capital LLC TRC now owns 14,883 shares of the company’s stock worth $79,000 after buying an additional 13,713 shares during the period. Legal & General Group Plc raised its stake in shares of Venator Materials by 229.2% in the fourth quarter. Legal & General Group Plc now owns 34,958 shares of the company’s stock worth $146,000 after buying an additional 24,339 shares during the period. United Services Automobile Association bought a new position in shares of Venator Materials in the second quarter worth about $158,000. Bank of New York Mellon Corp raised its stake in shares of Venator Materials by 22.8% in the fourth quarter. Bank of New York Mellon Corp now owns 44,887 shares of the company’s stock worth $188,000 after buying an additional 8,322 shares during the period. Finally, M&T Bank Corp raised its stake in shares of Venator Materials by 54.1% in the second quarter. M&T Bank Corp now owns 36,216 shares of the company’s stock worth $191,000 after buying an additional 12,709 shares during the period. 45.37% of the stock is currently owned by hedge funds and other institutional investors.

Venator Materials Company Profile

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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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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