Venator Materials PLC (NASDAQ:VNTR) – SunTrust Banks boosted their Q4 2017 EPS estimates for Venator Materials PLC in a report released on Monday. SunTrust Banks analyst J. Sheehan now anticipates that the company will post earnings per share of $0.60 for the quarter, up from their prior forecast of $0.44. SunTrust Banks currently has a “Buy” rating and a $29.00 price target on the stock. SunTrust Banks also issued estimates for Venator Materials PLC’s FY2018 earnings at $2.54 EPS and FY2019 earnings at $2.94 EPS.
VNTR has been the subject of several other reports. Jefferies Group LLC began coverage on Venator Materials PLC in a report on Monday, August 7th. They set a “buy” rating and a $25.00 price objective for the company. Nomura assumed coverage on Venator Materials PLC in a research report on Monday, August 28th. They set a “buy” rating and a $24.00 price target for the company. Citigroup Inc. assumed coverage on Venator Materials PLC in a research report on Tuesday, August 29th. They set a “buy” rating and a $24.00 price target for the company. Deutsche Bank AG reissued a “buy” rating and set a $24.00 price target on shares of Venator Materials PLC in a research report on Monday, August 28th. Finally, Bank of America Corporation raised their price target on Venator Materials PLC from $23.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $26.71.
Venator Materials PLC (NASDAQ:VNTR) last released its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The company had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. Venator Materials PLC had a return on equity of 18.31% and a net margin of 6.05%. The business’s revenue for the quarter was up 9.4% compared to the same quarter last year.
In other Venator Materials PLC news, major shareholder Corp Huntsman sold 26,105,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $18.85, for a total transaction of $492,079,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Large investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $1,863,000. State of Wisconsin Investment Board purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $4,023,000. Finally, Victory Capital Management Inc. purchased a new stake in shares of Venator Materials PLC in the third quarter valued at $33,036,000.
Venator Materials PLC Company Profile
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.
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.