Tronox (NYSE:TROX) Given Buy Rating at Alembic Global Advisors

Tronox (NYSE:TROX)‘s stock had its “buy” rating reissued by analysts at Alembic Global Advisors in a note issued to investors on Monday, Stock Target Advisor reports. They presently have a $19.00 price target on the stock. Alembic Global Advisors’ target price would indicate a potential upside of 78.40% from the stock’s current price.

Several other research firms have also recently weighed in on TROX. ValuEngine cut Tronox from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. Zacks Investment Research lowered shares of Tronox from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. BMO Capital Markets set a $18.00 price objective on shares of Tronox and gave the stock a “buy” rating in a report on Monday, August 12th. Finally, TheStreet cut shares of Tronox from a “c-” rating to a “d+” rating in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $14.64.

NYSE:TROX opened at $10.65 on Monday. The firm has a market capitalization of $1.51 billion, a PE ratio of 19.02 and a beta of 3.50. The business’s fifty day moving average price is $9.96 and its 200 day moving average price is $9.90. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.26 and a quick ratio of 1.62. Tronox has a 12 month low of $6.46 and a 12 month high of $15.50.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.06. The company had revenue of $768.00 million during the quarter, compared to the consensus estimate of $797.64 million. Tronox had a positive return on equity of 6.56% and a negative net margin of 4.79%. Tronox’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.17 EPS. As a group, equities analysts anticipate that Tronox will post 0.45 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA purchased a new position in shares of Tronox in the 2nd quarter valued at approximately $237,000. Tower Research Capital LLC TRC raised its stake in shares of Tronox by 111.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,078 shares of the company’s stock worth $58,000 after buying an additional 3,728 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Tronox in the 2nd quarter valued at approximately $244,000. Creative Planning lifted its holdings in shares of Tronox by 12.1% in the 3rd quarter. Creative Planning now owns 213,819 shares of the company’s stock valued at $1,775,000 after buying an additional 23,080 shares during the period. Finally, Brightline Capital Management LLC purchased a new stake in shares of Tronox in the second quarter valued at approximately $8,627,000. 58.19% of the stock is owned by institutional investors and hedge funds.

Tronox Company Profile

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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Analyst Recommendations for Tronox (NYSE:TROX)

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