Venator Materials PLC (NASDAQ:VNTR) had its price objective lifted by SunTrust Banks, Inc. from $27.00 to $29.00 in a report released on Monday morning. They currently have a buy rating on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s Q4 2017 earnings at $0.60 EPS, FY2017 earnings at $1.74 EPS, FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.94 EPS.
VNTR has been the topic of several other reports. Zacks Investment Research raised shares of Venator Materials PLC from a hold rating to a strong-buy rating and set a $26.00 price objective on the stock in a research report on Tuesday, October 10th. Barclays PLC assumed coverage on shares of Venator Materials PLC in a report on Monday, August 28th. They set an equal weight rating and a $22.00 price target on the stock. Jefferies Group LLC assumed coverage on shares of Venator Materials PLC in a report on Monday, August 7th. They set a buy rating and a $25.00 price target on the stock. Bank of America Corporation reaffirmed a buy rating and set a $23.00 price target on shares of Venator Materials PLC in a report on Monday, August 28th. Finally, Instinet reaffirmed a buy rating and set a $26.00 price target (up previously from $24.00) on shares of Venator Materials PLC in a report on Friday, October 13th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of Buy and an average target price of $26.71.
Venator Materials PLC (NASDAQ:VNTR) last announced its quarterly earnings data on Friday, October 27th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.25. Venator Materials PLC had a net margin of 6.05% and a return on equity of 18.31%. The company had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year.
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In other news, major shareholder Corp Huntsman sold 26,105,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $18.85, for a total value of $492,079,250.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Several large investors have recently modified their holdings of VNTR. First Trust Advisors LP bought a new position in shares of Venator Materials PLC in the 3rd quarter worth approximately $1,863,000. Victory Capital Management Inc. bought a new position in shares of Venator Materials PLC in the 3rd quarter worth approximately $33,036,000. Finally, State of Wisconsin Investment Board bought a new position in shares of Venator Materials PLC in the 3rd quarter worth approximately $4,023,000.
About Venator Materials PLC
Venator Materials PLC is a manufacturer and marketer of chemical products. The Company is engaged in manufacturing titanium dioxide (TiO2), functional additives, color pigments, timber treatment and water treatment products. It operates through two segments: Titanium Dioxide and Performance Additives.
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