Tronox Ltd (TROX) Receives Average Recommendation of “Hold” from Analysts

Shares of Tronox Ltd (NYSE:TROX) have earned a consensus rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $23.00.

A number of research firms have recently commented on TROX. ValuEngine lowered Tronox from a “hold” rating to a “sell” rating in a research note on Thursday, July 19th. Barclays dropped their price objective on Tronox from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Monday, August 6th. Morgan Stanley dropped their price objective on Tronox from $21.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 25th. BMO Capital Markets dropped their price objective on Tronox from $31.00 to $28.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 7th. Finally, SunTrust Banks began coverage on Tronox in a research note on Tuesday, July 31st. They issued a “buy” rating and a $24.00 price objective on the stock.

Shares of NYSE:TROX traded down $0.29 on Friday, reaching $11.27. The company had a trading volume of 41,775 shares, compared to its average volume of 1,351,810. Tronox has a twelve month low of $10.75 and a twelve month high of $28.40. The stock has a market capitalization of $1.50 billion, a P/E ratio of -41.50 and a beta of 3.11. The company has a debt-to-equity ratio of 3.51, a current ratio of 7.78 and a quick ratio of 6.43.



Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.06. Tronox had a positive return on equity of 6.75% and a negative net margin of 13.91%. The company had revenue of $492.00 million during the quarter, compared to analysts’ expectations of $506.10 million. As a group, research analysts expect that Tronox will post 0.61 EPS for the current fiscal year.

About Tronox

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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