BMO Capital Markets set a $18.00 price objective on Tronox (NYSE:TROX) in a report released on Monday, TipRanks reports. The firm currently has a buy rating on the stock.
A number of other equities research analysts have also commented on TROX. ValuEngine lowered Tronox from a hold rating to a sell rating in a research report on Thursday, August 8th. Morgan Stanley set a $15.00 price target on Tronox and gave the company a hold rating in a research report on Wednesday, June 19th. Zacks Investment Research lowered Tronox from a buy rating to a hold rating in a research report on Tuesday. Finally, Alembic Global Advisors set a $19.00 price target on Tronox and gave the company a buy rating in a research report on Friday, May 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $14.86.
Shares of TROX stock opened at $7.48 on Monday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 13.36 and a beta of 3.29. Tronox has a twelve month low of $6.46 and a twelve month high of $16.75. The company has a quick ratio of 4.72, a current ratio of 5.82 and a debt-to-equity ratio of 4.80. The stock’s fifty day simple moving average is $11.14 and its 200 day simple moving average is $11.70.
Tronox (NYSE:TROX) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.17. Tronox had a positive return on equity of 5.58% and a negative net margin of 4.60%. The firm had revenue of $791.00 million for the quarter, compared to analyst estimates of $776.00 million. During the same quarter in the previous year, the company posted $0.31 EPS. The business’s revenue was up 60.8% on a year-over-year basis. As a group, equities research analysts expect that Tronox will post 0.46 EPS for the current fiscal year.
In other Tronox news, CFO Timothy C. Carlson acquired 9,615 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $10.40 per share, with a total value of $99,996.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Wayne A. Hinman acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $11.01 per share, for a total transaction of $55,050.00. Following the completion of the purchase, the director now directly owns 142,807 shares in the company, valued at $1,572,305.07. The disclosure for this purchase can be found here. Insiders acquired a total of 34,027 shares of company stock worth $349,315 in the last quarter. Corporate insiders own 1.30% of the company’s stock.
Large investors have recently made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in shares of Tronox by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 126,935 shares of the company’s stock valued at $1,669,000 after purchasing an additional 1,525 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of Tronox in the 1st quarter valued at about $213,000. Norges Bank acquired a new position in shares of Tronox in the 4th quarter valued at about $8,650,000. Deutsche Bank AG lifted its stake in shares of Tronox by 231.7% in the 4th quarter. Deutsche Bank AG now owns 631,062 shares of the company’s stock valued at $4,908,000 after purchasing an additional 440,805 shares during the period. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Tronox in the 1st quarter valued at about $92,000. 56.67% of the stock is currently owned by institutional investors.
Tronox Company Profile
Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.
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