Tronox (NYSE:TROX) Stock Rating Upgraded by StockNews.com

Tronox (NYSE:TROX) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other research analysts also recently issued reports about the company. Barclays lifted their price target on Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. The Goldman Sachs Group lifted their price target on Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Mizuho started coverage on Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective on the stock. BMO Capital Markets boosted their price objective on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. Finally, UBS Group lowered their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 9th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.86.

Tronox Stock Down 4.9 %

Shares of Tronox stock traded down $0.65 during trading on Monday, hitting $12.66. 1,607,051 shares of the stock traded hands, compared to its average volume of 1,170,126. The stock has a market cap of $2.00 billion, a P/E ratio of -5.68, a PEG ratio of 17.49 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. Tronox has a twelve month low of $10.08 and a twelve month high of $20.70. The company has a fifty day moving average price of $17.29 and a two-hundred day moving average price of $16.64.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.38%. The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. During the same quarter in the prior year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts predict that Tronox will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers increased its holdings in shares of Tronox by 5.3% in the second quarter. Rhumbline Advisers now owns 199,568 shares of the company’s stock worth $3,131,000 after acquiring an additional 9,969 shares in the last quarter. Natixis Advisors LLC boosted its position in Tronox by 136.4% during the second quarter. Natixis Advisors LLC now owns 51,844 shares of the company’s stock valued at $813,000 after purchasing an additional 29,909 shares during the last quarter. nVerses Capital LLC acquired a new position in Tronox during the second quarter valued at approximately $121,000. Hantz Financial Services Inc. acquired a new position in Tronox during the second quarter valued at approximately $2,717,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its position in Tronox by 2.9% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after purchasing an additional 68,155 shares during the last quarter. Institutional investors own 73.36% of the company’s stock.

About Tronox

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.