TROX has been the subject of several other research reports. TheStreet downgraded shares of Tronox from a “c-” rating to a “d+” rating in a report on Friday, October 11th. BMO Capital Markets set a $18.00 target price on shares of Tronox and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, Zacks Investment Research downgraded shares of Tronox from a “buy” rating to a “hold” rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Tronox currently has a consensus rating of “Hold” and a consensus price target of $14.64.
Shares of TROX stock opened at $11.30 on Tuesday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.18 and a beta of 3.37. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.62 and a current ratio of 3.26. The company has a 50-day simple moving average of $8.89 and a 200 day simple moving average of $9.96. Tronox has a 52 week low of $6.46 and a 52 week high of $15.50.
Tronox (NYSE:TROX) last announced its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The business had revenue of $768.00 million during the quarter, compared to the consensus estimate of $797.64 million. Tronox had a negative net margin of 4.79% and a positive return on equity of 6.56%. Tronox’s revenue was up 68.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS. Sell-side analysts forecast that Tronox will post 0.45 EPS for the current year.
A number of institutional investors have recently modified their holdings of the business. BBVA USA Bancshares Inc. raised its stake in Tronox by 8.1% in the 3rd quarter. BBVA USA Bancshares Inc. now owns 16,414 shares of the company’s stock worth $136,000 after purchasing an additional 1,223 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Tronox by 111.3% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,078 shares of the company’s stock worth $58,000 after purchasing an additional 3,728 shares in the last quarter. Public Employees Retirement Association of Colorado acquired a new stake in Tronox in the 3rd quarter worth about $88,000. Creative Planning raised its stake in Tronox by 12.1% in the 3rd quarter. Creative Planning now owns 213,819 shares of the company’s stock worth $1,775,000 after purchasing an additional 23,080 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in shares of Tronox by 6.7% in the 3rd quarter. California Public Employees Retirement System now owns 249,669 shares of the company’s stock valued at $2,072,000 after buying an additional 15,695 shares in the last quarter. Institutional investors and hedge funds own 57.92% of the company’s stock.
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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