Jefferies Financial Group Reaffirms Buy Rating for Venator Materials (VNTR)

Venator Materials (NYSE:VNTR)‘s stock had its “buy” rating reaffirmed by Jefferies Financial Group in a research note issued on Sunday. Jefferies Financial Group also issued estimates for Venator Materials’ Q4 2018 earnings at ($0.02) EPS, FY2018 earnings at $2.00 EPS, FY2019 earnings at $0.20 EPS and FY2020 earnings at $0.75 EPS.

The analysts wrote, “Q3 missed consensus by $0.01–but was $0.09 above our forecast. The weakness we expected is more in Q4, now likely a modest loss. After a margin squeeze this winter, Venator could double, or better over 2-3 years. The ingredients: a spring restocking cycle that tightens TiO2 S/D balances (if consumer confidences holds up); normal summer seasonality (at least); and keeping most of the productivity. Timing of validation? Most likely after the Chinese New Year. Q3 EPS was $0.01 below consensus but $0.09 above our forecast: +$0.01 in flat in a lower tax rate. Total sales decreased 8% (-15% vol., +6% price, +1% sales mix and other); TiO2 sales decreased 10% (-18% vol., +7% price, +1% sales mix and other); and Performance Additives sales decreased 5% (-6% vol., +2% price, -1% sales mix and other).””

VNTR has been the topic of a number of other research reports. Nomura cut their target price on shares of Venator Materials from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, September 13th. UBS Group downgraded shares of Venator Materials from a “buy” rating to a “hold” rating in a research report on Tuesday, September 25th. BMO Capital Markets cut their target price on shares of Venator Materials from $17.00 to $13.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 26th. Royal Bank of Canada downgraded shares of Venator Materials from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 13th. Finally, Bank of America downgraded shares of Venator Materials from a “buy” rating to an “underperform” rating and cut their target price for the company from $24.00 to $12.00 in a research report on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. Venator Materials currently has a consensus rating of “Hold” and an average target price of $21.27.

VNTR stock opened at $6.80 on Friday. The stock has a market capitalization of $723.52 million, a P/E ratio of 3.91, a P/E/G ratio of 0.38 and a beta of 1.63. Venator Materials has a 12 month low of $6.27 and a 12 month high of $24.73. The company has a current ratio of 2.27, a quick ratio of 1.49 and a debt-to-equity ratio of 0.76.

Venator Materials (NYSE:VNTR) last posted its quarterly earnings results on Tuesday, October 30th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The company had revenue of $533.00 million during the quarter, compared to analysts’ expectations of $577.99 million. Venator Materials had a positive return on equity of 24.15% and a negative net margin of 1.13%. The company’s quarterly revenue was down 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.70 EPS. On average, equities research analysts expect that Venator Materials will post 2.07 EPS for the current fiscal year.

In other news, Director Kathy Dawn Patrick purchased 20,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average cost of $6.76 per share, for a total transaction of $135,200.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.31% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. NJ State Employees Deferred Compensation Plan boosted its holdings in shares of Venator Materials by 11.8% in the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 38,000 shares of the company’s stock valued at $622,000 after buying an additional 4,000 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Venator Materials by 19.0% in the 1st quarter. LPL Financial LLC now owns 29,515 shares of the company’s stock valued at $534,000 after buying an additional 4,722 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in shares of Venator Materials by 5.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 161,384 shares of the company’s stock valued at $2,641,000 after buying an additional 8,037 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Venator Materials in the 1st quarter valued at about $192,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Venator Materials in the 2nd quarter valued at about $215,000. Institutional investors and hedge funds own 39.69% of the company’s stock.

About Venator Materials

Venator Materials PLC manufactures and markets chemical products worldwide. It operates through two segments, Titanium Dioxide and Performance Additives. The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.

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Analyst Recommendations for Venator Materials (NYSE:VNTR)

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