Alembic Global Thinks Venator Materials Plc’s Stock is Going to Recover


Alembic Global analyst Hassan Ahmed maintained a Buy rating on Venator Materials Plc (VNTR) on May 20 and set a price target of $13. The company’s shares closed yesterday at $4.76, close to its 52-week low of $3.59.

According to TipRanks.com, Ahmed has 0 stars on 0-5 star ranking scale with an average return of -8.0% and a 29.6% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, LyondellBasell, and Celanese Corp.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Venator Materials Plc with a $8.50 average price target, which is a 78.6% upside from current levels. In a report issued on May 10, UBS also maintained a Buy rating on the stock with a $7 price target.

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Based on Venator Materials Plc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $562 million and GAAP net loss of $3 million. In comparison, last year the company earned revenue of $622 million and had a net profit of $78 million.

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Venator Materials Plc engages in the manufacture and marketing of chemical products. The firm focuses on development and manufacture of titanium dioxide pigments and performance additives. It operates through two segments: Titanium Dioxide and Performance Additives.

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