Tronox Ltd (NYSE:TROX) Receives Consensus Recommendation of “Hold” from Brokerages

Tronox Ltd (NYSE:TROX) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $15.67.

TROX has been the topic of a number of analyst reports. Zacks Investment Research lowered Tronox from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets set a $18.00 target price on Tronox and gave the stock a “buy” rating in a research report on Monday, August 12th. TheStreet lowered Tronox from a “c-” rating to a “d+” rating in a research report on Friday, October 11th. Finally, ValuEngine raised Tronox from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

Shares of TROX opened at $8.26 on Friday. The stock’s 50-day moving average is $8.27 and its two-hundred day moving average is $10.67. The stock has a market cap of $1.22 billion, a PE ratio of 14.75 and a beta of 3.35. Tronox has a 12 month low of $6.46 and a 12 month high of $15.50. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.15 and a quick ratio of 1.62.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.17. Tronox had a positive return on equity of 5.37% and a negative net margin of 4.60%. The company had revenue of $791.00 million for the quarter, compared to analysts’ expectations of $776.00 million. During the same quarter in the previous year, the firm posted $0.31 earnings per share. The firm’s quarterly revenue was up 60.8% on a year-over-year basis. On average, research analysts anticipate that Tronox will post 0.42 earnings per share for the current year.

In other news, SVP Jeffrey N. Neuman acquired 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of $7.60 per share, with a total value of $30,400.00. Following the completion of the acquisition, the senior vice president now directly owns 83,510 shares in the company, valued at $634,676. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wayne A. Hinman acquired 5,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of $8.80 per share, with a total value of $44,000.00. Following the completion of the acquisition, the director now owns 152,455 shares of the company’s stock, valued at $1,341,604. The disclosure for this purchase can be found here. 1.30% of the stock is currently owned by insiders.

Institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA bought a new stake in Tronox in the second quarter valued at about $237,000. Clearbridge Investments LLC grew its holdings in shares of Tronox by 1.2% during the first 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 last quarter. NumerixS Investment Technologies Inc bought a new position in shares of Tronox during the second quarter valued at approximately $244,000. Brightline Capital Management LLC bought a new position in shares of Tronox during the second quarter valued at approximately $8,627,000. Finally, Commonwealth Bank of Australia grew its holdings in shares of Tronox by 89.3% during the second quarter. Commonwealth Bank of Australia now owns 19,686 shares of the company’s stock valued at $251,000 after purchasing an additional 9,286 shares during the last quarter. 54.84% of the stock is owned by hedge funds and other institutional investors.

About Tronox

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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Analyst Recommendations for Tronox (NYSE:TROX)

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