Venator to participate in Food Ingredients Europe
Food Ingredients Europe, an exhibit to improve the business, will be held at Frankfurt Messe, Germany, on November 28–30, 2017. Venator (VNTR) announced that it will take part in the event to exhibit its products. Venator will exhibit and promote its HOMBITAN titanium dioxide. It will be a good opportunity to acquire new clients.
HOMBITAN’s titanium dioxide is a white pigment that’s widely used in human and pet foods and beverages. Venator’s global business director, Reiner Mertscheit, said, “We’ve been producing innovative, high purity titanium dioxide and color pigments for the global food and drink industry for many years. Our experience and expertise in this sector is world leading with our dedicated research and development and technical support teams working alongside our customers to provide solutions to their challenges. We are proud to offer products that are designed to meet the most stringent quality and compliance standards. Food Ingredients Europe is an excellent platform for us to talk about our newly introduced grade HOMBITAN® AFDC 101 pigment – a special grade of titanium dioxide with enhanced crystal size controlled technology. We look forward to talking to our customers about the benefits our products can bring.”
Venator’s stock performance
Venator, a spin-off of Huntsman (HUN), rose 0.80% and closed at $23.28 for the week ending November 24, 2017. The stock was listed on August 3, 2017. It was marginally below the 50-day moving average of $23.44. With the demand for titanium-dioxide rising, analysts are bullish on the stock and have recommended a target price of $28.30 over the next 12 month. It indicates a potential gain of 21.60% over the closing price as of November 24, 2017. Venator’s 14-day relative strength index of 49 indicates that the stock isn’t overbought or oversold.
Investors can hold Venator indirectly by investing in the First Trust US Equity Opportunities ETF (FPX), which has invested 0.20% of its portfolio in Venator. The fund’s other top holdings include AbbVie (ABBV), PayPal (PYPL), and Shire (SHPG) with weights of 10.10%, 7.9%, and 3.70%, respectively, as of November 24, 2017.