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

BMO Capital Markets cut shares of Venator Materials (NYSE:VNTRGet Rating) from a market perform rating to an underperform rating in a research report report published on Monday, The Fly reports. They currently have $0.60 price target on the stock, down from their prior price target of $2.00.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Venator Materials from $3.00 to $2.50 in a report on Wednesday, July 27th.

Venator Materials Stock Down 8.2 %

VNTR opened at $1.34 on Monday. The business’s fifty day moving average is $1.75 and its two-hundred day moving average is $1.91. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.21 and a current ratio of 2.20. The company has a market cap of $143.38 million, a price-to-earnings ratio of 2.58, a PEG ratio of 1.62 and a beta of 1.35. Venator Materials has a one year low of $1.13 and a one year high of $3.47.

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, topping analysts’ consensus estimates of $0.08 by $0.05. Venator Materials had a return on equity of 3.26% and a net margin of 2.38%. The company had revenue of $642.00 million during the quarter, compared to analysts’ expectations of $677.66 million. Analysts anticipate that Venator Materials will post 0.29 EPS for the current fiscal year.

Hedge Funds Weigh In On Venator Materials

Several institutional investors have recently added to or reduced their stakes in VNTR. Meros Investment Management LP acquired a new position in Venator Materials in the fourth quarter valued at $2,797,000. Monaco Asset Management SAM increased its stake in Venator Materials by 114.2% in the second quarter. Monaco Asset Management SAM now owns 1,340,065 shares of the company’s stock valued at $2,787,000 after purchasing an additional 714,540 shares during the last quarter. Boston Partners increased its stake in Venator Materials by 154.7% during the first quarter. Boston Partners now owns 569,106 shares of the company’s stock worth $1,013,000 after acquiring an additional 345,694 shares during the last quarter. Whitebox Advisors LLC acquired a new stake in Venator Materials during the fourth quarter worth about $487,000. Finally, Millennium Management LLC increased its stake in Venator Materials by 60.3% during the second quarter. Millennium Management LLC now owns 499,425 shares of the company’s stock worth $1,039,000 after acquiring an additional 187,861 shares during the last quarter.

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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