SunTrust Banks, Inc. Raises Venator Materials PLC (VNTR) Price Target to $29.00

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.

ILLEGAL ACTIVITY NOTICE: “SunTrust Banks, Inc. Raises Venator Materials PLC (VNTR) Price Target to $29.00” was originally reported by Community Financial News and is the property of of Community Financial News. If you are reading this article on another website, it was copied illegally and republished in violation of U.S. and international copyright legislation. The original version of this article can be accessed at https://www.com-unik.info/2017/11/03/suntrust-banks-inc-raises-venator-materials-plc-vntr-price-target-to-29-00.html.

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.

Analyst Recommendations for Venator Materials PLC (NASDAQ:VNTR)

What are top analysts saying about Venator Materials PLC? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Venator Materials PLC and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit