Tronox Ltd (TROX) Given Average Rating of “Strong Sell” by Brokerages
Shares of Tronox Ltd (NASDAQ:TROX) have been given a consensus broker rating score of 5.00 (Strong Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Brokers have set a 12-month consensus price target of $17.00 for the company, according to Zacks. Zacks has also given Tronox an industry rank of 177 out of 265 based on the ratings given to its competitors.
Several research firms have recently weighed in on TROX. UBS AG upped their price objective on Tronox from $16.00 to $17.00 and gave the stock a “sell” rating in a research report on Friday, October 13th. BidaskClub raised Tronox from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th.
Tronox (NASDAQ TROX) traded down 0.98% during midday trading on Friday, hitting $26.33. The stock had a trading volume of 1,072,132 shares. The stock has a 50-day moving average of $23.52 and a 200-day moving average of $18.74. The firm has a market cap of $3.13 billion and a P/E ratio of 65.99. Tronox has a 52 week low of $7.40 and a 52 week high of $27.00.
Tronox (NASDAQ:TROX) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.16. The firm had revenue of $622.00 million for the quarter, compared to analyst estimates of $601.55 million. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.43) earnings per share. Analysts forecast that Tronox will post $0.01 EPS for the current fiscal year.
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In related news, SVP Niekerk Willem Hendrik Van sold 12,229 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $20.70, for a total transaction of $253,140.30. Following the sale, the senior vice president now owns 175,528 shares in the company, valued at $3,633,429.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jogita Khilnani sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $20.78, for a total value of $103,900.00. Following the sale, the senior vice president now owns 29,405 shares in the company, valued at approximately $611,035.90. The disclosure for this sale can be found here.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. raised its holdings in Tronox by 25.6% during the second quarter. Goldman Sachs Group Inc. now owns 3,172,642 shares of the company’s stock worth $47,970,000 after acquiring an additional 646,598 shares in the last quarter. Quantbot Technologies LP raised its holdings in Tronox by 669.1% during the second quarter. Quantbot Technologies LP now owns 60,367 shares of the company’s stock worth $912,000 after acquiring an additional 52,518 shares in the last quarter. Fine Capital Partners L.P. raised its holdings in Tronox by 19.8% during the second quarter. Fine Capital Partners L.P. now owns 4,526,988 shares of the company’s stock worth $68,448,000 after acquiring an additional 749,410 shares in the last quarter. Intrinsic Edge Capital Management LLC raised its holdings in Tronox by 906.6% during the second quarter. Intrinsic Edge Capital Management LLC now owns 251,662 shares of the company’s stock worth $3,805,000 after acquiring an additional 226,662 shares in the last quarter. Finally, Schneider Capital Management Corp bought a new stake in Tronox during the second quarter worth about $9,076,000.
Tronox Company Profile
Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. It primarily operates in two segments, TiO2 and Alkali. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.
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