Valhi (NYSE:VHI) PT Raised to $20.00

Valhi (NYSE:VHI) had its price target increased by equities researchers at Barclays from $11.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “underweight” rating on the basic materials company’s stock. Barclays‘s price objective indicates a potential downside of 41.63% from the company’s previous close.

Separately, StockNews.com raised Valhi from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 12th.

Valhi Price Performance

VHI stock opened at $34.27 on Wednesday. The stock has a 50-day moving average price of $24.64 and a two-hundred day moving average price of $19.63. Valhi has a 1 year low of $10.80 and a 1 year high of $34.98. The stock has a market cap of $969.70 million, a PE ratio of 1,713.25 and a beta of 1.28. The company has a current ratio of 3.49, a quick ratio of 2.24 and a debt-to-equity ratio of 0.39.

Valhi (NYSE:VHI) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.41. Valhi had a return on equity of 2.02% and a net margin of 1.27%. The firm had revenue of $559.70 million for the quarter.

Hedge Funds Weigh In On Valhi

An institutional investor recently raised its position in Valhi stock. Jacobs Levy Equity Management Inc. raised its position in Valhi, Inc. (NYSE:VHI) by 28.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,879 shares of the basic materials company’s stock after acquiring an additional 4,620 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.07% of Valhi worth $359,000 at the end of the most recent reporting period. Institutional investors own 3.83% of the company’s stock.

Valhi Company Profile

Valhi, Inc engages in the chemicals, component products, and real estate management and development businesses in Europe, North America, the Asia Pacific, and internationally. The company's Chemicals segment produces and markets titanium dioxide pigments (TiO2), which are white inorganic pigments used in various applications by paint, plastics, decorative laminate, and paper manufacturers.