Venator Materials (NYSE:VNTR) Lowered to “Sell” at Zacks Investment Research

Venator Materials (NYSE:VNTR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Thursday, Zacks.com reports.

According to Zacks, “Venator Materials PLC is a manufacturer and marketer of chemical products. The company’s product comprises a broad range of pigments and additives that bring color and vibrancy to building, protect and extend product life and reduce energy consumption. Its operating segment consists of Titanium Dioxide, which consists of our TiO2 business, and Performance Additives, which consists of our functional additives, color pigments, timber treatment and water treatment businesses. Venator Materials PLC is headquartered in The Woodlands, Texas. “

A number of other brokerages have also commented on VNTR. BMO Capital Markets set a $6.00 target price on Venator Materials in a research report on Thursday, December 12th. UBS Group lowered Venator Materials from a “buy” rating to a “neutral” rating and set a $3.75 target price on the stock. in a research report on Friday, November 22nd. Goldman Sachs Group upgraded Venator Materials from a “neutral” rating to a “buy” rating and upped their target price for the company from $4.00 to $6.00 in a research report on Monday, November 18th. Finally, ValuEngine upgraded Venator Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $4.68.

Shares of VNTR stock traded down $0.03 during trading hours on Thursday, reaching $3.57. 10,415 shares of the company’s stock were exchanged, compared to its average volume of 289,720. Venator Materials has a 1 year low of $1.85 and a 1 year high of $7.24. The stock has a market cap of $384.10 million, a PE ratio of 1.62, a PEG ratio of 0.72 and a beta of 2.87. 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 stock’s fifty day moving average price is $3.68 and its two-hundred day moving average price is $3.28.

Venator Materials (NYSE:VNTR) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.05. Venator Materials had a positive return on equity of 6.36% and a negative net margin of 3.26%. The business had revenue of $526.00 million for the quarter, compared to analyst estimates of $511.49 million. During the same quarter in the previous year, the firm earned $0.32 earnings per share. The company’s revenue was down 1.3% on a year-over-year basis. On average, equities analysts expect that Venator Materials will post 0.19 EPS for the current fiscal year.

Several hedge funds have recently made changes to their positions in VNTR. Squarepoint Ops LLC raised its stake in Venator Materials by 178.4% in the 3rd quarter. Squarepoint Ops LLC now owns 41,288 shares of the company’s stock valued at $101,000 after purchasing an additional 26,456 shares during the last quarter. Quantum Capital Management raised its stake in Venator Materials by 3.0% in the 3rd quarter. Quantum Capital Management now owns 267,253 shares of the company’s stock valued at $652,000 after purchasing an additional 7,685 shares during the last quarter. Ancora Advisors LLC acquired a new position in Venator Materials in the 3rd quarter valued at $122,000. FNY Investment Advisers LLC acquired a new position in Venator Materials in the 3rd quarter valued at $67,000. Finally, Virginia Retirement Systems ET AL raised its stake 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 valued at $84,000 after purchasing an additional 8,400 shares during the last quarter. 40.17% of the stock is owned by institutional investors and hedge funds.

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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