Tronox (NYSE:TROX) PT Lowered to $16.00 at Barclays

Tronox (NYSE:TROX) had its price target cut by stock analysts at Barclays from $18.00 to $16.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price would suggest a potential upside of 26.98% from the company’s previous close.

Several other research analysts have also issued reports on TROX. BMO Capital Markets reduced their target price on Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Tronox Trading Up 1.5 %

Tronox stock traded up $0.19 during midday trading on Monday, reaching $12.60. The stock had a trading volume of 77,757 shares, compared to its average volume of 1,117,936. The company has a fifty day moving average of $13.50 and a 200 day moving average of $15.88. Tronox has a 52-week low of $10.24 and a 52-week high of $20.70. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -26.25, a price-to-earnings-growth ratio of 26.03 and a beta of 1.64.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The business had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.08) earnings per share. On average, analysts anticipate that Tronox will post 0.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors boosted its stake in shares of Tronox by 2.7% in the first quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after purchasing an additional 126,926 shares during the period. Driehaus Capital Management LLC boosted its holdings in Tronox by 109.3% in the second quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock valued at $41,530,000 after purchasing an additional 1,381,975 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Tronox by 2.9% in the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after buying an additional 68,155 shares during the period. Primecap Management Co. CA raised its holdings in shares of Tronox by 0.8% in the 2nd quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock valued at $20,581,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Tronox by 3.7% during the first quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock worth $22,212,000 after purchasing an additional 45,992 shares in the last quarter. 73.36% of the stock is currently 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.