Venator Materials PLC (NYSE:VNTR) has been given a consensus recommendation of "Hold" by the ten brokerages that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $2.85.
VNTR has been the topic of several analyst reports. Bank of America upgraded Venator Materials from an "underperform" rating to a "buy" rating and raised their price objective for the stock from $1.75 to $4.00 in a report on Monday, November 30th. Morgan Stanley raised their price objective on Venator Materials from $2.00 to $3.75 and gave the company an "equal weight" rating in a research report on Monday, December 14th. Finally, BMO Capital Markets cut their price objective on Venator Materials from $2.35 to $2.12 and set a "market perform" rating on the stock in a research report on Friday, November 6th.
VNTR stock opened at $4.42 on Tuesday. Venator Materials has a 52-week low of $1.12 and a 52-week high of $5.24. The stock's fifty day simple moving average is $4.17 and its 200-day simple moving average is $2.76. The company has a quick ratio of 1.80, a current ratio of 3.13 and a debt-to-equity ratio of 1.43. The stock has a market capitalization of $471.00 million, a price-to-earnings ratio of -2.08 and a beta of 1.96.
In other news, major shareholder Corp Huntsman sold 42,429,807 shares of Venator Materials stock in a transaction dated Wednesday, December 23rd. The stock was sold at an average price of $2.15, for a total transaction of $91,224,085.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Venator Materials by 4.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 210,847 shares of the company's stock worth $407,000 after acquiring an additional 9,691 shares during the last quarter. Squarepoint Ops LLC grew its stake in Venator Materials by 11.6% in the fourth quarter. Squarepoint Ops LLC now owns 184,063 shares of the company's stock worth $609,000 after purchasing an additional 19,148 shares in the last quarter. Quantitative Systematic Strategies LLC grew its stake in Venator Materials by 31.8% in the fourth quarter. Quantitative Systematic Strategies LLC now owns 85,192 shares of the company's stock worth $282,000 after purchasing an additional 20,568 shares in the last quarter. Acadian Asset Management LLC grew its stake in Venator Materials by 64.8% in the third quarter. Acadian Asset Management LLC now owns 55,745 shares of the company's stock worth $108,000 after purchasing an additional 21,918 shares in the last quarter. Finally, Boston Partners grew its stake in Venator Materials by 24.9% in the fourth quarter. Boston Partners now owns 243,279 shares of the company's stock worth $805,000 after purchasing an additional 48,445 shares in the last quarter. 31.79% of the stock is currently owned by institutional investors and hedge funds.
Venator Materials Company Profile
Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
See Also: Back-End Load
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
7 Stocks That Could Provide a Year-End Rally
It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.
Is this uncertainty due to concerns over additional lockdown measures? Is it about the lack of additional coronavirus stimulus? Is the market reacting to a surge in jobless claims? Or is this just the somewhat normal volatility that comes in an election year that promises to be like none in American history.
The answer is all of the above and then some. But does that mean you should stay out of equities? I don’t think so. Where are you going to go? The Fed has promised interest rates are going nowhere fast. And that bit of news is weighing down the bond market.
So stocks it is. But although growth-seeking investors may be tempted to look at the tech sector to see what’s on sale today, I suggest taking a more targeted approach. Rather than looking at a single sector, try to look at solid performers in different sectors that may be ready to surge over the last three months.
The pandemic brought the entire market down. But once investors took a breath they found bargains. And if you had the courage to put your money to work in those stocks, you’ve been rewarded.
Times like these call for the same type of courage. And that’s why we’ve put together this special presentation with seven stocks that look ready to surprise investors with nice end-of-year gains.
View the "7 Stocks That Could Provide a Year-End Rally".