Tronox (NYSE:TROX) Lowered to “Sell” at StockNews.com

Tronox (NYSE:TROX) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

A number of other research analysts also recently commented on TROX. BMO Capital Markets increased their target price on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday. UBS Group increased their target price on Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.33.

Tronox Price Performance

TROX stock opened at $18.84 on Friday. Tronox has a 1 year low of $10.08 and a 1 year high of $19.75. The stock has a 50-day simple moving average of $16.51 and a 200-day simple moving average of $14.13. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84. The firm has a market cap of $2.95 billion, a P/E ratio of -8.45, a price-to-earnings-growth ratio of 23.00 and a beta of 1.91.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. The business had revenue of $774.00 million for the quarter, compared to analyst estimates of $753.98 million. During the same quarter last year, the business earned $0.15 EPS. Tronox’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts predict that Tronox will post 0.6 earnings per share for the current fiscal year.

Institutional Trading of Tronox

Hedge funds have recently made changes to their positions in the stock. Millburn Ridgefield Corp bought a new stake in shares of Tronox in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Tronox in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC bought a new stake in shares of Tronox in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale acquired a new stake in Tronox in the 3rd quarter valued at approximately $50,000. Finally, TFO Wealth Partners LLC increased its position in Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after acquiring an additional 7,825 shares during the period. Institutional investors own 73.36% of the company’s stock.

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.