The common stock of Tronox (NYSE: TROX), which had been rated by Bloomberg research analysts as “hold” in the past, was given a “buy” recommendation in a research note that was published on Saturday by the same experts. Following the completion of a $4.3 billion investment, Tronox Chemical was able to surpass the 10-day line. Purchase Offer, The topic of Trox, has been the focus of a considerable amount of writing over the years, and many articles have been written on the subject. BMO Capital Markets indicated in a research note released on Friday, July 29, that they would be decreasing their price objective for Tronox from $28.00 to $21.00. The target price for Tronox was decreased from $25 to $23 in a research note that Barclays published on July 11.
The rating for the company was changed from “underweight” to “overweight.” Tronox was given a “buy” rating by Bank of America in a research report that was made public on Tuesday, June 14. However, Bank of America lowered its price target on the company from $25 to $23, indicating that they believe the stock will trade at a lower price shortly. In addition, the price target was reduced from $23 to $23, bringing it back to its original level. The price objective that Deutsche Bank Aktiengesellschaft has set for Tronox has dropped from $22.00 to $20.00 due to a research note published on Friday, June 17. This is the final step, but it is certainly not the least important one. There have been six recommendations to acquire the stock, and one of the equity research specialists has granted it a buy rating. In total, seven people have suggested buying the stock. Tronox stock is now rated as having a “Moderate Buy” recommendation on Bloomberg, with a price objective of $24.86.
NYSE On Friday, TROX shares began trading for $15.38 per share when the market opened. During the last 52 weeks, Tronox reached a new all-time high of $26.33, while the stock reached a new all-time low of $14.78. The current price of the company’s stock, which is trading at $15.92, is lower than the 200-day moving average price of $18.04, which stands at $18.04. The ratio of the company’s debt to its shareholders’ equity is 0.05, its quick ratio is 1.01, and its current ratio is 2.26. The firm has a market capitalization of $2.38 billion. The PE ratio is 4.17, the PEG ratio is 0.35, and the beta value is 1.89. The PEG ratio is lower than the PE ratio. On July 27, the most up-to-date quarterly financial report for Tronox (NYSE: TROX) was made available to the general public. The company reported a profit of $0.84 per share for the quarter, which was $0.01 higher than analysts’ average expectation of $0.83. Tronox had a return on equity of 20.25 percent, and the company’s net margin was 15.97 percent.
The actual quarterly sales for the corporation came in at $945,000,000, which is a considerable decrease compared to the average prediction of $1 billion that was made for the quarter’s sales. The company reported a profit of $0.61 per share for the same period the year before, which was the same as the current year. The sales that Tronox generated in their most recent quarter were 1.9% greater than those they generated in the same period the year before. Sell-side analysts project that Tronox will generate $3.27 per share earnings during the current fiscal year. In other news about this topic, on June 16, Senior Vice President Jeffrey N. Neuman purchased 3,000 shares of the company’s stock. The purchase of shares of stock resulted in a total expenditure of $48,120.00 due to the payment of an average price of $16.04 per share. As a result of the purchase, the senior vice president now has a total of 189,312 shares in the company. At present, these shares are worth a total of $3,036,564.48. The transaction was made public by way of a legal file that was submitted to the SEC. This filing can be located on the website of the SEC.
In other news about this topic, on June 16, Senior Vice President Jeffrey N. Neuman purchased 3,000 shares of the company’s stock. The purchase of shares of stock resulted in a total expenditure of $48,120.00 due to the payment of an average price of $16.04 per share. As a result of the purchase, the senior vice president now has a total of 189,312 shares in the company. At present, these shares are worth a total of $3,036,564.48. The transaction was made public by way of a legal file that was submitted to the SEC. This filing can be located on the website of the SEC. In addition, on June 16, Chief Financial Officer Timothy C. Carlson purchased 5,000 shares of the company’s stock. The average price paid for the shares during the acquisition process was $15.86, which resulted in a total cost of $79,300.00 for the transaction. Following the completion of the transaction, the chief financial officer will have a total of 329,326 shares of the company’s stock, which currently has a value of $5,223,110.36. You should look in this spot if you are looking for the disclosure that pertains to this transaction.
Company insiders own 1.60 percent of the corporation’s total number of shares outstanding. Recently, several well-known individuals have changed how they are currently positioned regarding their holdings of TROX shares. The CENTRAL TRUST Company spent close to $25,000 on a new investment in Tronox over the last three months of 2018, which brought their total investment in the company to just under $25,000. US Bancorp DE boosted the total amount of Tronox that it held by 117.8% during the second quarter. US Bancorp DE now has a total ownership holding in the firm equal to 2,176 shares, valued at $36,000. This was accomplished by purchasing an additional 1,177 shares during that time. During the second quarter of the fiscal year, Founders Capital Management had a 69.2% increase in the amount of Tronox it held in its portfolio. Founders Capital Management has a total of 2,200 of those shares, which are currently valued at $37,000, thanks to the fact that they made an extra purchase of 900 of the company’s shares during the quarter.
The first three months of 2018 saw a 1,757.7% increase in the amount of Tronox stock owned by Covestor Ltd. Covestor Ltd now owns a total of 2,898 shares of the company’s stock, which are collectively worth $57,000 after the company made an additional purchase of 2,742 shares during the quarter. Covestor Ltd’s stock holdings have increased by this amount. Finally, during the second quarter, Eagle Bay Advisors LLC increased the total value of its holdings by $57,000 by purchasing an additional $57,000 worth of Tronox, bringing the total to $110,000. The company’s shares are currently held by institutional investors and hedge funds, which account for 65.83% of the total. In North America, South and Central America, Europe, the Middle East, Africa, and Asia-Pacific markets, Tronox Holdings plc functions as a vertically integrated producer of the pigment TiO2. The company carries out its operations.
The corporation owns and operates facilities for the beneficiation and smelting of the material, as well as mineral sand mines that contain titanium. These facilities are used to extract titanium from the sand. Accessible products include titanium tetrachloride, zircon, feedstock, ultrafine specialized titanium dioxide, and TiO2 pigment. In addition, there is a comprehensive selection of products to pick from.
