Venator Materials (NYSE:VNTR) Stock Price Up 7.6%

Venator Materials PLC (NYSE:VNTR)’s stock price rose 7.6% on Thursday . The company traded as high as $3.85 and last traded at $3.83, approximately 476,700 shares changed hands during trading. A decline of 30% from the average daily volume of 681,516 shares. The stock had previously closed at $3.56.

VNTR has been the subject of a number of recent research reports. UBS Group cut shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $3.75 price target for the company. in a research note on Friday, November 22nd. ValuEngine upgraded shares of Venator Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America upgraded shares of Venator Materials from an “underperform” rating to a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research upgraded shares of Venator Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets set a $6.00 price target on shares of Venator Materials in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $4.68.

The company has a market cap of $372.40 million, a price-to-earnings ratio of 1.74, a PEG ratio of 1.04 and a beta of 2.86. 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’s 50 day moving average price is $3.47 and its 200 day moving average price is $3.48.

Venator Materials (NYSE:VNTR) last released its earnings results on Wednesday, November 6th. The company reported $0.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.05. Venator Materials had a negative net margin of 3.26% and a positive return on equity of 6.36%. The company had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $511.49 million. During the same quarter last year, the business earned $0.32 EPS. The business’s revenue was down 1.3% on a year-over-year basis. Sell-side analysts predict that Venator Materials PLC will post 0.29 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Venator Materials in the 3rd quarter worth $67,000. Luminus Management LLC lifted its stake in shares of Venator Materials by 290.8% in the 2nd quarter. Luminus Management LLC now owns 973,005 shares of the company’s stock worth $5,147,000 after acquiring an additional 724,054 shares during the period. Morgan Stanley lifted its stake in shares of Venator Materials by 3.9% in the 2nd quarter. Morgan Stanley now owns 4,827,049 shares of the company’s stock worth $25,534,000 after acquiring an additional 182,228 shares during the period. BlackRock Inc. lifted its stake in shares of Venator Materials by 3.9% in the 2nd quarter. BlackRock Inc. now owns 1,027,404 shares of the company’s stock worth $5,434,000 after acquiring an additional 38,890 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Venator Materials in the 2nd quarter worth $390,000. Institutional investors own 40.17% of the company’s stock.

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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