Venator Materials (VNTR) Shares Gap Up to $22.14

Shares of Venator Materials PLC (NYSE:VNTR) gapped up prior to trading on Tuesday . The stock had previously closed at $21.59, but opened at $22.14. Venator Materials shares last traded at $22.23, with a volume of 3066900 shares changing hands.

A number of analysts have issued reports on the stock. Goldman Sachs Group downgraded shares of Venator Materials from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Wednesday. J P Morgan Chase & Co assumed coverage on shares of Venator Materials in a report on Monday, August 28th. They issued an “overweight” rating and a $23.00 price objective for the company. Royal Bank Of Canada assumed coverage on shares of Venator Materials in a report on Monday, August 28th. They issued an “outperform” rating and a $23.00 price objective for the company. Nomura began coverage on shares of Venator Materials in a report on Monday, August 28th. They issued a “buy” rating and a $24.00 price objective for the company. Finally, Citigroup upped their price target on shares of Venator Materials from $28.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $27.47.

The company has a quick ratio of 1.25, a current ratio of 2.03 and a debt-to-equity ratio of 0.74.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings data on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.25. The firm had revenue of $582.00 million for the quarter, compared to analyst estimates of $568.31 million. The company’s revenue was up 9.4% compared to the same quarter last year. sell-side analysts expect that Venator Materials PLC will post 2.04 earnings per share for the current year.

In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $21.66, for a total value of $471,425,568.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

A number of large investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in shares of Venator Materials in the third quarter valued at $103,000. Jane Street Group LLC bought a new position in shares of Venator Materials in the third quarter valued at $255,000. Bank of New York Mellon Corp bought a new position in shares of Venator Materials in the third quarter valued at $297,000. Russell Investments Group Ltd. bought a new position in shares of Venator Materials during the third quarter valued at about $505,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Venator Materials during the third quarter valued at about $512,000. Institutional investors and hedge funds own 23.20% of the company’s stock.

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About Venator Materials

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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