Tronox (NYSE:TROX) Stock Rating Upgraded by UBS Group

Tronox (NYSE:TROX - Get Free Report) was upgraded by equities researchers at UBS Group from a "neutral" rating to a "buy" rating in a research report issued on Thursday, MarketBeat reports. The firm currently has a $19.00 target price on the stock, up from their prior target price of $17.00. UBS Group's target price suggests a potential upside of 32.40% from the company's previous close.

A number of other research analysts have also recently issued reports on TROX. The Goldman Sachs Group reduced their price objective on shares of Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a report on Thursday, September 19th. StockNews.com raised shares of Tronox from a "sell" rating to a "hold" rating in a research note on Monday, August 5th. Barclays reduced their price objective on Tronox from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, September 25th. Finally, BMO Capital Markets cut their price objective on Tronox from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Tronox presently has a consensus rating of "Moderate Buy" and an average price target of $17.83.

Tronox Stock Up 5.1 %

Shares of NYSE:TROX traded up $0.70 during trading on Thursday, hitting $14.35. 1,015,592 shares of the company's stock traded hands, compared to its average volume of 1,125,343. The company has a 50-day moving average price of $13.38 and a 200-day moving average price of $16.16. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -6.44, a price-to-earnings-growth ratio of 26.51 and a beta of 1.64.

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

Institutional Investors Weigh In On Tronox

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in shares of Tronox in the 3rd quarter valued at about $263,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tronox in the 2nd quarter valued at $76,000. Algert Global LLC raised its stake in shares of Tronox by 127.2% during the second quarter. Algert Global LLC now owns 309,051 shares of the company's stock valued at $4,849,000 after acquiring an additional 173,054 shares during the last quarter. Driehaus Capital Management LLC increased its position in Tronox by 109.3% during the 2nd quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company's stock valued at $41,530,000 after purchasing an additional 1,381,975 shares during the period. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Tronox during the second quarter worth approximately $325,000. 73.36% of the stock is currently owned by institutional investors.

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.