BMO Capital Markets Lowers Venator Materials (NYSE:VNTR) to Underperform

BMO Capital Markets cut shares of Venator Materials (NYSE:VNTRGet Rating) from a market perform rating to an underperform rating in a research report sent to investors on Monday, Marketbeat Ratings reports. The brokerage currently has $0.60 price objective on the stock, down from their previous price objective of $2.00.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Venator Materials from $3.00 to $2.50 in a report on Wednesday, July 27th.

Venator Materials Price Performance

Shares of Venator Materials stock opened at $1.31 on Monday. Venator Materials has a 1-year low of $1.13 and a 1-year high of $3.47. The firm’s 50-day moving average price is $1.73 and its two-hundred day moving average price is $1.90. The company has a current ratio of 2.20, a quick ratio of 1.21 and a debt-to-equity ratio of 1.64. The stock has a market capitalization of $140.17 million, a price-to-earnings ratio of 2.42, a P/E/G ratio of 1.33 and a beta of 1.35.

Venator Materials (NYSE:VNTRGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.05. The firm had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $677.66 million. Venator Materials had a return on equity of 3.26% and a net margin of 2.38%. On average, equities analysts predict that Venator Materials will post 0.29 earnings per share for the current fiscal year.

Institutional Trading of Venator Materials

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of Venator Materials in the 1st quarter valued at $43,000. FNY Investment Advisers LLC acquired a new position in shares of Venator Materials during the 2nd quarter worth about $44,000. Wedmont Private Capital bought a new stake in shares of Venator Materials in the 2nd quarter valued at about $58,000. Walleye Capital LLC acquired a new stake in shares of Venator Materials in the 2nd quarter valued at approximately $111,000. Finally, CastleKnight Management LP bought a new position in Venator Materials during the 4th quarter worth approximately $316,000.

Venator Materials Company Profile

(Get Rating)

Venator Materials PLC, together with its subsidiaries, manufactures and markets chemical products worldwide. It operates through Titanium Dioxide and Performance Additives segments. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and ultrafine TiO2 products for use in coatings, printing inks, PVC window frames, plastic masterbatches, cosmetics, pharmaceuticals, food, polyester and polyamide fibers, catalysts, and cosmetics products.

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