Venator Materials PLC (NYSE:VNTR) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday.

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 equities research analysts have also recently commented on the company. Instinet reiterated a “buy” rating and set a $26.00 target price (up from $24.00) on shares of Venator Materials PLC in a research note on Friday, October 13th. Goldman Sachs Group, Inc. (The) began coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “buy” rating and a $25.00 target price for the company. UBS AG began coverage on Venator Materials PLC in a report on Monday, August 28th. They set a “neutral” rating and a $22.00 target price for the company. Jefferies Group LLC initiated coverage on Venator Materials PLC in a report on Monday, August 7th. They set a “buy” rating and a $25.00 target price for the company. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $28.00 price objective on shares of Venator Materials PLC in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $27.00.

Shares of Venator Materials PLC (NYSE VNTR) traded up $0.35 during trading hours on Wednesday, reaching $22.88. The company’s stock had a trading volume of 412,800 shares, compared to its average volume of 659,725. The company has a current ratio of 2.03, a quick ratio of 1.25 and a debt-to-equity ratio of 0.74. Venator Materials PLC has a fifty-two week low of $17.85 and a fifty-two week high of $26.90.

Venator Materials PLC (NYSE:VNTR) last released its earnings results on Friday, October 27th. The company reported $0.70 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $568.31 million. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. sell-side analysts forecast that Venator Materials PLC will post 2.04 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. bought a new position in shares of Venator Materials PLC during the third quarter valued at approximately $103,000. Jane Street Group LLC purchased a new stake in Venator Materials PLC in the third quarter worth $255,000. Bank of New York Mellon Corp purchased a new stake in shares of Venator Materials PLC in the third quarter worth $297,000. Russell Investments Group Ltd. purchased a new stake in shares of Venator Materials PLC in the third quarter worth $505,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Venator Materials PLC during the third quarter valued at $512,000. Institutional investors own 3.99% of the company’s stock.

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 (NYSE:VNTR)

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