Tronox (NYSE:TROX – Get Rating) had its price objective cut by Barclays from $21.00 to $16.00 in a report published on Tuesday, The Fly reports. They currently have an overweight rating on the stock.
TROX has been the topic of several other research reports. Bank of America decreased their target price on Tronox from $25.00 to $23.00 and set a buy rating on the stock in a research note on Tuesday, June 14th. StockNews.com downgraded Tronox from a buy rating to a hold rating in a research note on Tuesday, September 20th. Deutsche Bank Aktiengesellschaft reduced their price objective on Tronox from $22.00 to $20.00 in a research note on Friday, June 17th. Finally, BMO Capital Markets downgraded Tronox from an outperform rating to a market perform rating and reduced their price objective for the stock from $21.00 to $16.00 in a research note on Monday, September 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $21.83.
Get Tronox alerts:Tronox Stock Down 0.6 %
Shares of TROX opened at $11.21 on Tuesday. The business's 50 day moving average is $14.81 and its 200 day moving average is $16.95. The company has a market capitalization of $1.73 billion, a PE ratio of 3.04, a price-to-earnings-growth ratio of 0.26 and a beta of 1.89. Tronox has a 12-month low of $11.14 and a 12-month high of $26.33. The company has a current ratio of 2.26, a quick ratio of 1.01 and a debt-to-equity ratio of 1.05.
Tronox (NYSE:TROX – Get Rating) last issued its earnings results on Wednesday, July 27th. The company reported $0.84 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.84. The company had revenue of $945.00 million for the quarter, compared to the consensus estimate of $1 billion. Tronox had a return on equity of 20.25% and a net margin of 15.97%. The firm's quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Research analysts expect that Tronox will post 3.27 earnings per share for the current fiscal year.Tronox Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, September 16th. Stockholders of record on Monday, August 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Friday, August 12th. Tronox's dividend payout ratio (DPR) is 13.55%.
Hedge Funds Weigh In On Tronox
Large investors have recently bought and sold shares of the business. Marshall Wace LLP boosted its holdings in Tronox by 168.6% during the 4th quarter. Marshall Wace LLP now owns 1,205,696 shares of the company's stock valued at $28,973,000 after acquiring an additional 756,737 shares during the period. American Century Companies Inc. boosted its holdings in Tronox by 15.9% during the 1st quarter. American Century Companies Inc. now owns 910,466 shares of the company's stock valued at $18,018,000 after acquiring an additional 124,819 shares during the period. Private Capital Management LLC boosted its holdings in Tronox by 1.1% during the 4th quarter. Private Capital Management LLC now owns 1,151,509 shares of the company's stock valued at $27,671,000 after acquiring an additional 12,305 shares during the period. Brookstone Capital Management purchased a new stake in shares of Tronox in the 1st quarter worth $497,000. Finally, Seven Eight Capital LP lifted its holdings in shares of Tronox by 184.2% in the 1st quarter. Seven Eight Capital LP now owns 115,380 shares of the company's stock worth $2,283,000 after buying an additional 74,779 shares during the period. Hedge funds and other institutional investors own 66.93% of the company's stock.
Tronox Company Profile
(Get Rating)
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; titanium tetrachloride; and other products.
Featured Articles
- Get a free copy of the StockNews.com research report on Tronox (TROX)
- Defensive Stocks For A Volatile Market
- SunPower Is Ready To Power Up Triple-Digit Earnings Gains
- Will UPS Be Next to Deliver a Warning?
- Is This the Darkest Before the Dawn for Gap Stock?
- Build A Better Tech Portfolio With Jabil Inc.
Receive News & Ratings for Tronox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox and related companies with MarketBeat.com's FREE daily email newsletter.