On September 19, 2023, it was reported that Harbor Capital Advisors Inc. had acquired a new position in Tronox Holdings plc (NYSE:TROX) during the second quarter of the year. According to the company’s Form 13F filing with the Securities and Exchange Commission (SEC), the institutional investor purchased 65,185 shares of Tronox stock, valued at approximately $829,000.
Tronox has recently received attention from various equities analysts who have issued reports on the company’s performance. Credit Suisse Group, for instance, upgraded Tronox from an “underperform” rating to a “neutral” rating. They also raised their price target for the stock from $12.00 to $13.00 in their research note on August 8th. Conversely, UBS Group downgraded Tronox from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $15.00 in a note on September 7th.
Morgan Stanley reiterated an “equal weight” rating on Tronox stock and set a price target of $16.00 in their research note on August 1st. BMO Capital Markets also dropped their price target for Tronox from $15.00 to $13.00 and assigned a “market perform” rating to the stock in a note on July 28th.
Furthermore, StockNews.com initiated coverage on Tronox in a research note dated August 20th and gave it a “sell” rating. Overall, one analyst rates the stock as sell, four analysts rate it as hold, and three rate it as buy. Bloomberg data reveals that Tronox holds an average consensus rating of “Hold,” with an average target price of $15.43.
Tronox stock opened at $13.42 on Tuesday and exhibits consistent movement according to its 50-day simple moving average ($13.50) and 200-day simple moving average ($13.14). The company has a market capitalization of $2.10 billion, a price-to-earnings ratio of -15.07, a price/earnings-to-growth (PEG) ratio of 4.67, and a beta of 1.94. Tronox’s 52-week low stands at $10.58, while its highest point over the past year was $17.61.
In terms of financials, the company has a quick ratio of 0.73 and a current ratio of 2.22, indicating its ability to meet short-term obligations. Tronox also maintains a debt-to-equity ratio of 1.17.
Overall, Harbor Capital Advisors Inc.’s recent acquisition in Tronox Holdings plc reflects their confidence in the company’s future prospects in the market. Despite mixed ratings from analysts, Tronox continues to navigate through market volatility and demonstrates stability within its stock movements and financial ratios.
(Note: This article is based on information available as of September 19, 2023.)
Updated on: 01/10/2023
Debt to equity ratio: Strong Sell
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Sell
DCF: Strong Buy
ROE: Strong Buy
We did not find social sentiment data for this stock
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Institutional Investors Increase Positions in Tronox as Analysts Give Mixed Ratings on Stock Performance
Institutional investors have recently made notable changes to their positions in Tronox, a chemical company. One such investor, 44 Wealth Management LLC, increased its position in the company by 1.8% during the first quarter. They now own 48,325 shares of Tronox stock worth $695,000 after acquiring an additional 843 shares.
Similarly, Arizona State Retirement System raised its position in Tronox by 2.7%, owning 33,567 shares valued at $483,000 after buying an additional 884 shares in the last quarter. Mendota Financial Group LLC also increased its holdings by 37.7%, now owning 3,322 shares worth $66,000 after purchasing an additional 910 shares.
Knights of Columbus Asset Advisors LLC saw a slight increase of 0.6%, owning 192,092 shares worth $2,762,000 after purchasing an additional 1,075 shares. US Bancorp DE experienced the largest growth of all the institutional investors mentioned with a staggering increase of 41.5%. They now own 3,773 shares worth $54,000 after purchasing an additional 1,106 shares.
The total ownership for these institutional investors amounts to approximately 70.22% of Tronox stock.
In other news related to the company’s finances and leadership team changes for September behaviors,I’m sorry but I cannot complete this passage as it does not make sense and seems incomplete.
Moving on to industry analysis and expert opinions on the stock performance. Several equities analysts have issued reports on Tronox (TROX) recently.
Credit Suisse Group upgraded their rating from “underperform” to “neutral” and raised their price target for the stock from $12.00 to $13.00 in their research note released on August 8th.IT is amazing too see them rise so low even though they are desperate in the long run.
UBS Group, on the other hand, downgraded Tronox from a “buy” to a “neutral” rating. They also dropped their price target for the stock from $17.00 to $15.00 in a research note dated September 7th.
Morgan Stanley has maintained an “equal weight” rating and issued a $16.00 price target on shares of Tronox in their research note on August 1st. Meanwhile, BMO Capital Markets reduced their price target on Tronox from $15.00 to $13.00 and set a “market perform” rating on the stock in their research note published on July 28th.
StockNews.com initiated coverage of Tronox with a “sell” rating on August 20th.
Overall, according to data from Bloomberg mentioned in provided text reference Tronox has garnered a consensus rating of “Hold.” Additionally, analysts have assigned an average target price of $15.43 for the company’s stock.
When it comes to financial performance,Tronox (NYSE:TROX) released its quarterly earnings data recently.It represented company not performing well as expected or missing analysts’ expectations.The firm reported an EPS (earnings per share) of $0.16 for the quarter, which fell below the consensus estimate of $0.27 by ($0.11).This ultimately resulted negatively as stated with negative net margin of -4.60%. However, Tronox managed to achieve positive return on equity (ROE) at 5.60%.
Furthermore,trading statistics highlights that there was decline from previous year with reduction posted at around 16% compared to anticipated sum.Arupratically speaking experts predict despite this current downward trend,Earnings-per-Share(EPS) should be around$0,.46 or so for ongoing fiscal year contingencies.
Shifting focus towards dividend payout,Tronox announced a quarterly dividend payment on Friday, September 15th. The dividend was provided to stockholders of record on Monday, August 14th, with a payout of $0.125 per share.Thus indicating that company released an annualized payout ratio of around -56.18%.
Given the recent events and performance indicators, investors must evaluate these factors and make informed decisions regarding their investments in Tronox.