Tronox (NYSE:TROX) was graded low by Zacks Investment Research from a “purchase” rating to a “hold” rating in an examination note gave on Friday, Zacks.com reports.
As indicated by Zacks, “Tronox Holdings plc is a vertically incorporated mining and inorganic substance business. The organization mines and procedures titanium metal, zircon and different minerals and fabricates titanium dioxide colors to paints, plastics, paper and other regular items. It works essentially in South Africa, Australia, United States, the Netherlands and Australia. Tronox Holdings plc, in the past known as Tronox Limited, is situated in London, United Kingdom. ”
More recently, several other analysts have also commented on TROX. In a report released on Tuesday, January 7th, ValuEngine upgraded Tronox shares from a “strong sell” rating to a “sell” rating. In a note on Friday October 11th, theStreet downgraded Tronox shares from a “c-” rating to a “d+” rating. Eventually, in a study on Monday, December 2nd, Alembic Global Advisors maintained a’ buy’ rating and set a $19.00 price target on Tronox stock. One research analyst graded the stock with a sell rating, two classified the hold and four gave the firm a buy rating. The stock currently has a “Hold” consensus rating, and a $15.92 consensus target price.
TROX shares opened Friday at $11.32. The company has a 3.80 debt-to-equity ratio, a 1.62 quick ratio and a 3.26 current ratio. The firm has a $1.57-billion market capitalization, a 31.51 P / E ratio and a 3.49 beta. The company’s average 50-day moving price is $11.28 and its average moving 2 hundred-day price is $9.98. Tronox has a $6.71 52 week low and a $15.50 52 week high.
Last Thursday November 7, Tronox (NYSE: TROX) announced its earnings performance. For the quarter the company reported $0.21 EPS, topping the $0.15 consensus estimate by $0.06. The company’s revenue for the period was $768.00 million, compared to a consensus estimate of $797.64 million. Tronox had a 4.79 percent negative net margin and a 6.56 percent positive equity return. The quarterly revenue of the company grew 68.4 per cent year-over-year. The firm had posted $0.17 EPS during the same time last year. Analysts foresee that for the current year, Tronox will post 0.45 earnings per share.
Hedge funds and other institutional investors recently purchased and sold the firm’s shares. In the third quarter, Quantum Capital Management acquired a new stake in Tronox shares valued at roughly $32,000.