Tronox (NYSE:TROX) Price Target Lowered to $8.00 at UBS Group

Tronox (NYSE:TROX - Get Free Report) had its price objective cut by investment analysts at UBS Group from $8.50 to $8.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price target points to a potential upside of 44.93% from the stock's current price.

A number of other research analysts also recently weighed in on TROX. BMO Capital Markets downgraded Tronox from a "market perform" rating to an "underperform" rating and lowered their target price for the company from $7.00 to $3.00 in a report on Monday, June 30th. Morgan Stanley lowered their target price on Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. JPMorgan Chase & Co. raised Tronox from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. The Goldman Sachs Group decreased their target price on Tronox from $11.50 to $7.50 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, Truist Financial decreased their target price on Tronox from $14.00 to $10.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $7.56.

Tronox Trading Down 2.5%

TROX stock traded down $0.14 during trading on Wednesday, hitting $5.52. 2,303,434 shares of the company traded hands, compared to its average volume of 1,814,686. Tronox has a 1 year low of $4.35 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.61 and a current ratio of 2.28. The company has a 50-day moving average of $5.44 and a 200-day moving average of $7.08. The firm has a market capitalization of $874.70 million, a PE ratio of -5.81 and a beta of 1.37.

Tronox (NYSE:TROX - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). The firm had revenue of $738.00 million during the quarter, compared to analysts' expectations of $745.96 million. Tronox had a negative net margin of 4.94% and a negative return on equity of 1.57%. The company's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS. Analysts predict that Tronox will post 0.49 earnings per share for the current fiscal year.

Insider Activity at Tronox

In other Tronox news, SVP Jeffrey N. Neuman purchased 10,266 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $4.89 per share, for a total transaction of $50,200.74. Following the completion of the transaction, the senior vice president owned 10,266 shares of the company's stock, valued at $50,200.74. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tronox

Large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its stake in Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after acquiring an additional 3,397 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Tronox by 763.5% during the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after purchasing an additional 8,070 shares in the last quarter. Mariner LLC acquired a new position in Tronox in the 4th quarter valued at about $105,000. CWM LLC increased its position in Tronox by 1,186.7% in the 1st quarter. CWM LLC now owns 10,731 shares of the company's stock valued at $76,000 after acquiring an additional 9,897 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Tronox in the 4th quarter valued at about $112,000. 73.36% of the stock is currently owned by hedge funds and other 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.