Tronox (TROX) Lifted to Sell at ValuEngine

Tronox (NYSE:TROX) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Wednesday, ValuEngine reports.

Several other research firms have also commented on TROX. Barclays restated a “buy” rating and set a $15.00 price target on shares of Tronox in a research report on Wednesday, March 13th. SunTrust Banks increased their price objective on shares of Tronox from $17.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, April 11th. BMO Capital Markets set a $19.00 price objective on shares of Tronox and gave the company a “buy” rating in a report on Tuesday, March 19th. Alembic Global Advisors set a $19.00 price objective on shares of Tronox and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Zacks Investment Research raised shares of Tronox from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.57.

TROX stock opened at $10.84 on Wednesday. The firm has a market cap of $1.42 billion, a P/E ratio of 19.36 and a beta of 2.99. The company has a current ratio of 8.48, a quick ratio of 6.88 and a debt-to-equity ratio of 3.64. Tronox has a one year low of $6.46 and a one year high of $21.04.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.22). The firm had revenue of $390.00 million for the quarter, compared to analyst estimates of $414.80 million. Tronox had a negative net margin of 0.38% and a positive return on equity of 7.52%. Research analysts predict that Tronox will post 1.2 earnings per share for the current year.

In related news, Director Ginger M. Jones acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were acquired at an average cost of $11.45 per share, with a total value of $229,000.00. Following the completion of the acquisition, the director now directly owns 41,303 shares in the company, valued at approximately $472,919.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Optimum Investment Advisors purchased a new position in shares of Tronox in the first quarter worth about $39,000. PNC Financial Services Group Inc. lifted its stake in shares of Tronox by 3,011.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,200 shares of the company’s stock worth $32,000 after buying an additional 4,065 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Tronox in the first quarter worth about $64,000. Daiwa Securities Group Inc. purchased a new position in shares of Tronox in the first quarter worth about $92,000. Finally, Bbva Compass Bancshares Inc. lifted its stake in shares of Tronox by 14.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 14,342 shares of the company’s stock worth $188,000 after buying an additional 1,766 shares in the last quarter. 69.16% of the stock is currently 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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