Tronox Raised to Hold at ValuEngine

Date: Jun 5, 2018

ValuEngine upgraded shares of Tronox (NYSE:TROX) from a sell rating to a hold rating in a research report report published on Friday.

Other analysts also recently issued research reports about the company. BMO Capital Markets started coverage on Tronox in a research note on Wednesday, March 28th. They set an outperform rating and a $24.00 target price for the company. Barclays restated an overweight rating on shares of Tronox in a research note on Monday, March 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $27.00.

Shares of NYSE:TROX opened at $18.19 on Friday. Tronox has a twelve month low of $12.88 and a twelve month high of $28.40. The company has a market cap of $2.23 billion, a P/E ratio of -67.37, a price-to-earnings-growth ratio of 2.58 and a beta of 3.19. The company has a quick ratio of 6.73, a current ratio of 8.20 and a debt-to-equity ratio of 3.02.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, May 9th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.13). Tronox had a negative net margin of 14.67% and a positive return on equity of 3.68%. The business had revenue of $442.00 million for the quarter, compared to the consensus estimate of $471.14 million. equities research analysts forecast that Tronox will post 0.7 earnings per share for the current fiscal year.

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