BMO Capital Markets raised the price target for the Tronox Holdings plc (NYSE:TROX) stock from “a Market perform” to “an Outperform”. The rating was released on December 18, 2023, according to finviz. We previously noted in another research note published on October 27, 2023 by JP Morgan that downgraded the stock from an Overweight to a Neutral with a price target of $11 for TROX stock. The research report from UBS has downgraded the stock from Buy to Neutral, with a price target set at $15. The stock was upgraded by Credit Suisse, who disclosed in a research note on August 08, 2023, from Underperform to Neutral and set the price objective to $13. In their research brief published November 01, 2022, Credit Suisse analysts initiated the Tronox Holdings plc stock to Underperform with a price target of $10.
Historical Earnings Surprises and Revenue Forecasts
It appears that the average earnings per share estimate for the current quarter (ending in Mar 2024) is -$0.01. This is an average of 8 analysts’ earnings, where the high earnings per share estimate is $0.03 and the low earnings per share estimate is -$0.05. According to 6 analyst estimates, an average revenue estimate of $745.24M is projected for the current quarter with a high revenue estimate of $759.04M and a low estimate of $719M.
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The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 0.29% within the last five trades and 11.39% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 34.66% in the last 6 months and 24.62% was added to its value over the previous 3 months. TROX stock is trading at a margin of 4.04%, 13.92% and 28.70% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, TROX deals in the Basic Materials domain. The stock is trading -3.80 percent below its 52-week high and 70.73 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 38.95. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Tronox Holdings plc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 6.81 percent and the profit margin is -11.09 percent, and the company has reported a gross margin of 15.37 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $2.70 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 11.32. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.95 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.39, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 26.13 percent of Tronox Holdings plc shares are owned by insiders, and 73.71 percent are held by financial institutions. Turgeon Jean Francois, the Co-CEO and Director at Tronox Holdings plc (TROX) has sold 51,996 shares of firm on Mar 06 ’24 at a price of $14.95 against the total amount of $0.78 million. In another inside trade, Romano John D, Co-CEO and Director of Tronox Holdings plc (NYSE:TROX) sold 42,768 shares of the firm on Mar 06 ’24 for a total worth of $0.64 million at a price of $14.95. An inside trade which took place on Mar 06 ’24, SVP, General Counsel & Sec. of Tronox Holdings plc Neuman Jeffrey N sold 23,500 shares of firm against total price of $0.35 million at the cost of $14.95 per share.
