Venator Materials (NYSE:VNTR) Stock Price Up 6.7%

Venator Materials PLC (NYSE:VNTR)’s share price shot up 6.7% on Friday . The company traded as high as $3.69 and last traded at $3.65, 380,237 shares traded hands during trading. A decline of 45% from the average session volume of 687,065 shares. The stock had previously closed at $3.42.

A number of research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Venator Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. ValuEngine upgraded Venator Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Goldman Sachs Group upgraded Venator Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $4.00 to $6.00 in a research note on Monday, November 18th. Bank of America raised Venator Materials from an “underperform” rating to a “buy” rating in a report on Friday, August 16th. Finally, UBS Group lowered Venator Materials from a “buy” rating to a “neutral” rating and set a $3.75 price target on the stock. in a research note on Friday, November 22nd. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $4.82.

The business’s 50 day moving average price is $3.33 and its two-hundred day moving average price is $3.51. The company has a current ratio of 2.36, a quick ratio of 1.18 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $363.89 million, a price-to-earnings ratio of 6.58, a P/E/G ratio of 0.94 and a beta of 2.86.

Venator Materials (NYSE:VNTR) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.05. The company had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.49 million. Venator Materials had a negative net margin of 3.26% and a positive return on equity of 6.36%. The firm’s revenue was down 1.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.32 EPS. Analysts expect that Venator Materials PLC will post 0.35 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC lifted its stake in shares of Venator Materials by 1,172.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,883 shares of the company’s stock valued at $79,000 after acquiring an additional 13,713 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Venator Materials during the 3rd quarter worth $67,000. United Services Automobile Association acquired a new position in Venator Materials in the 2nd quarter worth about $158,000. Virginia Retirement Systems ET AL increased its holdings in Venator Materials by 32.4% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 34,300 shares of the company’s stock worth $84,000 after purchasing an additional 8,400 shares in the last quarter. Finally, M&T Bank Corp raised its position in Venator Materials by 54.1% in the second quarter. M&T Bank Corp now owns 36,216 shares of the company’s stock valued at $191,000 after purchasing an additional 12,709 shares during the last quarter. Hedge funds and other institutional investors own 40.17% of the company’s stock.

About Venator Materials (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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