Tronox (NYSE:TROX) PT Raised to $24.00 at BMO Capital Markets

Tronox (NYSE:TROX) had its price objective boosted by stock analysts at BMO Capital Markets from $19.00 to $24.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 27.39% from the stock’s current price.

TROX has been the subject of a number of other reports. UBS Group boosted their target price on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Tronox currently has an average rating of “Hold” and a consensus price target of $15.33.

Tronox Price Performance

Tronox stock opened at $18.84 on Friday. Tronox has a 1 year low of $10.08 and a 1 year high of $19.75. The firm has a 50 day moving average price of $16.59 and a 200 day moving average price of $14.20. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -8.45, a PEG ratio of 25.82 and a beta of 1.91. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.95 and a current ratio of 2.84.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Tronox had a negative net margin of 11.93% and a negative return on equity of 2.70%. The company had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $753.98 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. Tronox’s revenue for the quarter was up 9.3% compared to the same quarter last year. Sell-side analysts predict that Tronox will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Millburn Ridgefield Corp purchased a new position in shares of Tronox in the third quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of Tronox in the third quarter valued at $25,000. GAMMA Investing LLC purchased a new position in shares of Tronox in the fourth quarter valued at $27,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Tronox in the third quarter valued at $50,000. Finally, TFO Wealth Partners LLC boosted its stake in shares of Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after purchasing an additional 7,825 shares during the period. 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.