In a report released today, Vincent Andrews from Morgan Stanley maintained a Hold rating on Venator Materials (VNTR), with a price target of $2.00. The company’s shares closed last Monday at $2.02.
According to TipRanks.com, Andrews is a 3-star analyst with an average return of 3.7% and a 70.1% success rate. Andrews covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
Currently, the analyst consensus on Venator Materials is a Hold with an average price target of $2.28, an 11.2% upside from current levels. In a report issued on November 6, BMO Capital also maintained a Hold rating on the stock with a $2.10 price target.
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Based on Venator Materials’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $474 million and GAAP net loss of $42 million. In comparison, last year the company earned revenue of $526 million and had a GAAP net loss of $19 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. The Titanium Dioxide segment involves the creation of (TiO2) from titanium bearing ores and is a white inert pigment that provides whiteness, opacity and brightness to thousands of everyday items, including coatings, plastics, paper, printing inks, fibers, food and personal care products. The Performance Additives segment consists of functional additives, color pigments, timber and water treatment businesses. The company offers its products under the brands TIOXIDE, HOMBITAN, HOMBITEC, UVTITAN, ALTRIS, DAVIS COLORS, GRANUFIN, FERROXIDE, HOLIDAY PGMENTS, COPPERAS RED, HOMBIKAT, DELTIO, SACHTOLITH, ECOLIFE, and NICASAL. Venator Materials was founded on April 28, 2017 and is headquartered in Wynyard Park, the United Kingdom.
