Tronox (NYSE:TROX) Cut to Sell at ValuEngine

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Tronox (NYSE:TROX) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday, ValuEngine reports.

A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research report on Tuesday. Alembic Global Advisors set a $19.00 price objective on shares of Tronox and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley set a $15.00 price objective on shares of Tronox and gave the stock a “hold” rating in a research report on Wednesday, June 19th. Finally, SunTrust Banks upped their price objective on shares of Tronox from $17.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Tronox presently has an average rating of “Hold” and a consensus price target of $15.43.

NYSE:TROX opened at $8.99 on Thursday. The company has a debt-to-equity ratio of 4.80, a current ratio of 5.82 and a quick ratio of 4.72. The business’s fifty day moving average is $11.62. The firm has a market capitalization of $1.37 billion, a PE ratio of 16.05 and a beta of 3.29. Tronox has a fifty-two week low of $6.46 and a fifty-two week high of $17.24.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.17. The company had revenue of $791.00 million during the quarter, compared to analysts’ expectations of $776.00 million. Tronox had a net margin of 0.17% and a return on equity of 5.43%. The firm’s revenue for the quarter was up 60.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.31 earnings per share. Equities research analysts predict that Tronox will post 0.41 earnings per share for the current year.

In other Tronox news, Director Wayne A. Hinman bought 5,000 shares of Tronox stock in a transaction dated Thursday, June 13th. The stock was acquired at an average cost of $11.01 per share, for a total transaction of $55,050.00. Following the completion of the transaction, the director now directly owns 142,807 shares of the company’s stock, valued at $1,572,305.07. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jeffry N. Quinn bought 9,600 shares of Tronox stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average price of $10.45 per share, with a total value of $100,320.00. Following the completion of the transaction, the chairman now directly owns 266,720 shares of the company’s stock, valued at $2,787,224. The disclosure for this purchase can be found here. Insiders bought 29,027 shares of company stock valued at $305,315 over the last quarter. Company insiders own 1.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Tronox by 36.7% in the first quarter. FMR LLC now owns 12,742,685 shares of the company’s stock valued at $167,566,000 after purchasing an additional 3,422,168 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Tronox by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,225,773 shares of the company’s stock valued at $32,877,000 after purchasing an additional 51,847 shares during the period. Private Capital Management LLC grew its holdings in shares of Tronox by 28.7% in the first quarter. Private Capital Management LLC now owns 2,757,813 shares of the company’s stock valued at $36,265,000 after purchasing an additional 614,394 shares during the period. Geode Capital Management LLC grew its holdings in shares of Tronox by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,267,999 shares of the company’s stock valued at $9,864,000 after purchasing an additional 23,548 shares during the period. Finally, Norges Bank purchased a new stake in shares of Tronox in the fourth quarter valued at about $8,650,000. 56.58% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Cost of Equity For A Business, Investors

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Tronox (NYSE:TROX)

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