Shares of Tronox Ltd (NYSE:TROX) have earned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $15.83.
A number of research firms have recently issued reports on TROX. Alembic Global Advisors set a $19.00 price target on shares of Tronox and gave the stock a “buy” rating in a research report on Friday, May 10th. Zacks Investment Research upgraded shares of HAYS PLC/ADR from a “sell” rating to a “hold” rating in a research report on Tuesday, June 18th. Morgan Stanley restated an “overweight” rating on shares of in a research report on Wednesday, June 19th. BMO Capital Markets upgraded shares of Nevro from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $46.00 to $67.00 in a research report on Tuesday, March 19th. Finally, SunTrust Banks reduced their price target on shares of Unisys to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th.
NYSE TROX traded up $0.28 during trading hours on Friday, reaching $11.88. 2,456,670 shares of the company traded hands, compared to its average volume of 1,575,698. Tronox has a 12 month low of $6.46 and a 12 month high of $19.45. 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 has a market capitalization of $1.71 billion, a PE ratio of 21.21 and a beta of 3.29. The stock has a 50 day simple moving average of $11.52.
Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.22). Tronox had a net margin of 0.17% and a return on equity of 5.43%. The company had revenue of $390.00 million for the quarter, compared to the consensus estimate of $414.80 million. Analysts forecast that Tronox will post 0.41 EPS for the current year.
In other news, CFO Timothy C. Carlson acquired 9,615 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average price of $10.40 per share, with a total value of $99,996.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Jeffry N. Quinn acquired 9,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of $10.45 per share, for a total transaction of $100,320.00. Following the acquisition, the chairman now owns 266,720 shares in the company, valued at $2,787,224. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 29,027 shares of company stock worth $305,315. Corporate insiders own 1.30% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in shares of Tronox by 1.6% in the 4th quarter. Stifel Financial Corp now owns 92,220 shares of the company’s stock worth $723,000 after acquiring an additional 1,450 shares during the period. Legal & General Group Plc increased its holdings in shares of Tronox by 4.1% in the 4th quarter. Legal & General Group Plc now owns 38,369 shares of the company’s stock worth $298,000 after acquiring an additional 1,509 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Tronox by 1.2% in the 1st quarter. Clearbridge Investments LLC now owns 126,935 shares of the company’s stock worth $1,669,000 after acquiring an additional 1,525 shares during the period. Bbva Compass Bancshares Inc. increased its holdings in shares of Tronox by 14.0% in the 1st quarter. Bbva Compass Bancshares Inc. now owns 14,342 shares of the company’s stock worth $188,000 after acquiring an additional 1,766 shares during the period. Finally, Optimum Investment Advisors acquired a new position in Tronox during the 1st quarter valued at about $39,000. 56.65% of the stock is currently owned by institutional investors and hedge funds.
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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