Equities researchers at Morgan Stanley initiated coverage on shares of Venator Materials (NYSE:VNTR) in a research report issued on Tuesday. The brokerage set an “equal weight” rating and a $25.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 10.52% from the company’s current price.
VNTR has been the subject of a number of other reports. Zacks Investment Research upgraded Venator Materials from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, October 10th. UBS Group raised their price objective on Venator Materials from $22.00 to $27.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Royal Bank of Canada reiterated a “buy” rating and issued a $28.00 target price on shares of Venator Materials in a report on Wednesday, October 18th. Instinet reiterated a “buy” rating and issued a $26.00 target price (up from $24.00) on shares of Venator Materials in a report on Friday, October 13th. Finally, Vertical Research assumed coverage on Venator Materials in a report on Monday, October 23rd. They issued a “buy” rating and a $28.00 target price for the company. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $27.31.
Venator Materials (VNTR) opened at $22.62 on Tuesday. Venator Materials has a 1 year low of $17.85 and a 1 year high of $26.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.25 and a current ratio of 2.03. The stock has a market capitalization of $2,400.00 and a PE ratio of 41.13.
In other Venator Materials news, major shareholder Corp Huntsman sold 21,764,800 shares of Venator Materials stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $21.66, for a total value of $471,425,568.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional investors have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. acquired a new stake in Venator Materials in the third quarter valued at approximately $103,000. Jane Street Group LLC acquired a new stake in Venator Materials in the third quarter valued at approximately $255,000. Bank of New York Mellon Corp acquired a new stake in Venator Materials in the third quarter valued at approximately $297,000. Russell Investments Group Ltd. acquired a new stake in Venator Materials in the third quarter valued at approximately $505,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Venator Materials in the third quarter valued at approximately $512,000. 23.32% of the stock is owned by hedge funds and other institutional investors.
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Venator Materials 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.
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