BMO Capital Markets Trims Tronox (NYSE:TROX) Target Price to $21.00

Tronox (NYSE:TROX - Get Free Report) had its price objective lowered by analysts at BMO Capital Markets from $22.00 to $21.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' price objective would indicate a potential upside of 43.54% from the company's current price.

Other research analysts have also recently issued reports about the company. UBS Group lowered their price target on Tronox from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Tuesday, July 9th. Barclays decreased their price objective on Tronox from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Wednesday, September 25th. StockNews.com raised Tronox from a "sell" rating to a "hold" rating in a report on Monday, August 5th. The Goldman Sachs Group decreased their price objective on Tronox from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, September 19th. Finally, Mizuho started coverage on Tronox in a report on Friday, June 7th. They set a "neutral" rating and a $22.00 price objective on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $17.67.

Tronox Stock Performance

Shares of TROX stock traded up $0.13 during trading hours on Monday, reaching $14.63. 1,358,610 shares of the company traded hands, compared to its average volume of 1,103,599. Tronox has a 12-month low of $10.08 and a 12-month 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 50-day moving average price of $13.65 and a 200 day moving average price of $16.29.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business had revenue of $820.00 million during the quarter, compared to analysts' expectations of $848.04 million. During the same period in the prior year, the firm posted $0.16 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, analysts anticipate that Tronox will post 0.44 earnings per share for the current year.

Hedge Funds Weigh In On Tronox

Large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its position in Tronox by 22.2% in the 4th quarter. Principal Financial Group Inc. now owns 75,445 shares of the company's stock valued at $1,068,000 after acquiring an additional 13,689 shares during the last quarter. Norges Bank bought a new position in Tronox in the 4th quarter valued at $7,760,000. Steward Partners Investment Advisory LLC bought a new position in Tronox in the 4th quarter valued at $702,000. TFO Wealth Partners LLC grew its position in Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company's stock valued at $111,000 after acquiring an additional 7,825 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in Tronox in the 4th quarter valued at $277,000. Institutional investors own 73.36% of the company's stock.

Tronox Company Profile

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.