Venator Materials PLC (NYSE:VNTR) shares gapped down prior to trading on Thursday . The stock had previously closed at $23.52, but opened at $21.81. Venator Materials shares last traded at $20.58, with a volume of 3674800 shares changing hands.

A number of research analysts have weighed in on the stock. Nomura assumed coverage on shares of Venator Materials in a research note on Monday, August 28th. They issued a “buy” rating and a $24.00 price objective on the stock. Citigroup began coverage on shares of Venator Materials in a research note on Tuesday, August 29th. They issued a “buy” rating and a $24.00 price objective on the stock. Deutsche Bank reissued a “buy” rating and set a $24.00 price target on shares of Venator Materials in a research report on Monday, August 28th. Bank of America raised their price target on shares of Venator Materials from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised shares of Venator Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 price target on the stock in a research report on Tuesday, October 10th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price 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 earnings results on Friday, October 27th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.25. The business had revenue of $582.00 million during the quarter, compared to analysts’ expectations of $568.31 million. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. research analysts forecast that Venator Materials PLC will post 2.04 EPS for the current year.

In related news, major shareholder Corp Huntsman sold 21,764,800 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $21.66, for a total transaction of $471,425,568.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

A number of institutional investors have recently made changes to their positions in VNTR. Jennison Associates LLC bought a new stake in Venator Materials during the third quarter valued at approximately $47,734,000. Macquarie Group Ltd. bought a new stake in Venator Materials during the third quarter valued at approximately $40,841,000. Greenlight Capital Inc. bought a new stake in Venator Materials during the third quarter valued at approximately $38,420,000. Victory Capital Management Inc. bought a new stake in Venator Materials during the third quarter valued at approximately $33,036,000. Finally, Point72 Asset Management L.P. bought a new stake in Venator Materials during the third quarter valued at approximately $28,675,000. 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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