UBS Group Issues Pessimistic Forecast for Tronox (NYSE:TROX) Stock Price

Tronox (NYSE:TROX - Get Free Report) had its price objective dropped by analysts at UBS Group from $8.50 to $8.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. UBS Group's price objective points to a potential upside of 39.74% from the company's previous close.

A number of other equities analysts also recently issued reports on the company. Barclays dropped their price target on Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. Mizuho cut their target price on Tronox from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. BMO Capital Markets lowered shares of Tronox from a "market perform" rating to an "underperform" rating and decreased their price target for the company from $7.00 to $3.00 in a research report on Monday, June 30th. Morgan Stanley decreased their price target on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised shares of Tronox from a "neutral" rating to an "overweight" rating and increased their price target for the company from $5.00 to $7.00 in a research report on Friday, May 30th. Two 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.com, the stock currently has an average rating of "Hold" and an average price target of $7.56.

Tronox Trading Up 4.5%

Tronox stock traded up $0.25 during mid-day trading on Wednesday, hitting $5.73. The company's stock had a trading volume of 2,316,103 shares, compared to its average volume of 1,816,746. Tronox has a one year low of $4.35 and a one 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 stock has a market cap of $907.19 million, a PE ratio of -6.03 and a beta of 1.37.

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

Insider Activity at Tronox

In related news, SVP Jeffrey N. Neuman acquired 10,266 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $4.89 per share, with a total value of $50,200.74. Following the transaction, the senior vice president directly owned 10,266 shares of the company's stock, valued at $50,200.74. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Tronox

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after buying an additional 3,397 shares during the period. Nisa Investment Advisors LLC increased its holdings in Tronox by 763.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after buying an additional 8,070 shares during the period. Mariner LLC acquired a new position in Tronox in the 4th quarter worth approximately $105,000. CWM LLC increased its holdings in Tronox by 1,186.7% in the 1st quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after buying an additional 9,897 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Tronox in the 4th quarter worth approximately $112,000. Institutional investors and hedge funds own 73.36% of the company's stock.

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.