Tronox (NYSE:TROX) Upgraded by StockNews.com to “Hold”

Tronox (NYSE:TROX) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

Several other brokerages also recently weighed in on TROX. UBS Group boosted their price objective on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. BMO Capital Markets boosted their target price on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.86.

Tronox Stock Performance

Shares of TROX stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. Tronox has a fifty-two week low of $10.08 and a fifty-two week high of $17.89. The stock has a 50 day moving average price of $16.27 and a two-hundred day moving average price of $13.97. The company has a market capitalization of $2.74 billion, a P/E ratio of -8.65, a PEG ratio of 23.38 and a beta of 1.93.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.33). Tronox had a negative net margin of 11.09% and a negative return on equity of 1.13%. The company had revenue of $686.00 million during the quarter, compared to the consensus estimate of $668.95 million. During the same quarter in the previous year, the firm posted ($0.17) EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that Tronox will post 0.6 earnings per share for the current year.

Institutional Investors Weigh In On Tronox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TROX. Millburn Ridgefield Corp purchased a new stake in Tronox in the third quarter worth $25,000. Catalyst Capital Advisors LLC purchased a new stake in Tronox in the third quarter worth $25,000. GAMMA Investing LLC purchased a new stake in Tronox in the fourth quarter worth $27,000. DekaBank Deutsche Girozentrale bought a new stake in Tronox in the third quarter worth $50,000. Finally, TFO Wealth Partners LLC boosted its holdings in Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after acquiring an additional 7,825 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

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.