TheStreet downgraded shares of Tronox (NYSE:TROX) from a c- rating to a d+ rating in a research note published on Friday, TheStreetRatingsTable reports.

Several other equities research analysts have also recently commented on the stock. ValuEngine raised shares of Tronox from a sell rating to a hold rating in a research report on Wednesday, October 2nd. BMO Capital Markets set a $18.00 price target on shares of Tronox and gave the stock a buy rating in a research report on Monday, August 12th. Zacks Investment Research raised shares of Tronox from a hold rating to a buy rating and set a $8.50 price target on the stock in a research report on Tuesday, October 8th. Finally, Morgan Stanley set a $15.00 price target on shares of Tronox and gave the stock a hold rating in a research report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $14.64.

Shares of NYSE:TROX opened at $7.95 on Friday. The company’s 50-day moving average price is $8.18 and its two-hundred day moving average price is $10.77. The company has a debt-to-equity ratio of 3.44, a current ratio of 3.15 and a quick ratio of 1.62. Tronox has a one year low of $6.46 and a one year high of $15.50. The stock has a market capitalization of $1.22 billion, a PE ratio of 14.20 and a beta of 3.35.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.09 by $0.17. Tronox had a negative net margin of 4.60% and a positive return on equity of 5.37%. The firm had revenue of $791.00 million for the quarter, compared to analysts’ expectations of $776.00 million. During the same period in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was up 60.8% on a year-over-year basis. On average, analysts anticipate that Tronox will post 0.42 earnings per share for the current fiscal year.

In other news, SVP Jeffrey N. Neuman acquired 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $7.60 per share, for a total transaction of $30,400.00. Following the purchase, the senior vice president now directly owns 83,510 shares of the company’s stock, valued at $634,676. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne A. Hinman acquired 5,000 shares of the stock in a transaction dated Thursday, August 8th. The shares were purchased at an average price of $8.80 per share, for a total transaction of $44,000.00. Following the completion of the purchase, the director now directly owns 152,455 shares in the company, valued at $1,341,604. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in TROX. Nuveen Asset Management LLC acquired a new position in Tronox in the 2nd quarter valued at about $102,922,000. FMR LLC grew its stake in Tronox by 36.7% in the 1st quarter. FMR LLC now owns 12,742,685 shares of the company’s stock valued at $167,566,000 after buying an additional 3,422,168 shares during the last quarter. Luminus Management LLC grew its stake in Tronox by 56.1% in the 2nd quarter. Luminus Management LLC now owns 4,996,065 shares of the company’s stock valued at $63,850,000 after buying an additional 1,794,959 shares during the last quarter. Van ECK Associates Corp acquired a new position in Tronox in the 2nd quarter valued at about $12,751,000. Finally, Monarch Partners Asset Management LLC acquired a new position in Tronox in the 2nd quarter valued at about $12,722,000. Institutional investors and hedge funds own 54.84% of the company’s stock.

About Tronox

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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