Tronox Limited (TROX) Has Multiple Bottom Pattern Trading At $19.09

June 27, 2018 - By Gregory Tomko

Tronox Limited (NYSE:TROX) Corporate Logo

During 2018 Q1 the big money sentiment decreased to 0.94. That’s change of 1.12, from 2017Q4’s 2.06. 37 investors sold all, 47 reduced holdings as Tronox Limited ratio dived. 49 grew stakes while 30 funds amassed stakes. Funds hold 80.97 million shares thus 0.44% less from 2017Q4’s 81.33 million shares.
California State Teachers Retirement reported 0.01% of its capital in Tronox Limited (NYSE:TROX). Canada Pension Plan Inv Board accumulated 274,400 shs. Quantbot L P reported 10,167 shs or 0.02% of all its holdings. Capstone Advsr Ltd Co holds 0.09% in Tronox Limited (NYSE:TROX) or 250,000 shs. Lapides Asset Mngmt Ltd Limited Liability Company stated it has 1.31% of its capital in Tronox Limited (NYSE:TROX). United Serv Automobile Association holds 0% or 13,965 shs in its capital. Daiwa Group Inc Inc holds 0% in Tronox Limited (NYSE:TROX) or 6,100 shs. Nomura Incorporated stated it has 0% of its capital in Tronox Limited (NYSE:TROX). Renaissance Limited Liability Corp holds 0% or 19,000 shs. Credit Investments holds 2.44% of its capital in Tronox Limited (NYSE:TROX) for 140,000 shs. Jane Street Gp owns 16,816 shs. Signaturefd Ltd Llc stated it has 0% of its capital in Tronox Limited (NYSE:TROX). Chicago Equity Limited Liability Com has invested 0.04% of its capital in Tronox Limited (NYSE:TROX). The California-based Assetmark has invested 0% in Tronox Limited (NYSE:TROX). Bluecrest Cap Mgmt Ltd holds 0.09% of its capital in Tronox Limited (NYSE:TROX) for 150,341 shs.

With $17.37 target Tronox Limited (TROX) shows a multiple bottoms technical setup. That’s 9.00 % below today’s $19.09 stock price. On Jun, 27 this technical setup was reported by Finviz.com. The company’s valuation will be $210.42M less at $17.37 target.

TROX is reaching $19.09 during the last trading session, after decreased 0.83%.Tronox Limited has volume of 788,134 shares. Since June 27, 2017 TROX has risen 10.27% and is uptrending. TROX underperformed the S&P 500 by 2.30%.

Tronox Limited (NYSE:TROX)’s earnings report is expected by WallStreet on August, 14, as reported by RTT. The earnings per share diference is $0.13 or 144.44 % up from last years number. Previous year: $0.09; Analysts forcast: $0.22. In case of $0.22 earnings per share TROX’s profit could hit $26.94M. After $0.01 earnings per share was announced previous quarter, analysts now see EPS growth of 2,100.00 % for Tronox Limited.

Tronox Limited (NYSE:TROX) Ratings Coverage

A total of 7 analysts rate Tronox (NYSE:TROX) as follows: 5 “Buy”, 1 “Hold” and 1 “Sell”. Тherefore 71% are bullish. The firm has $35.0 highest and $18 lowest target. The avg target $24.86 is 30.23% above the last ($19.09) price. (NYSE:TROX) has 7 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Tuesday, March 27 the firm has “Buy” rating given by BMO Capital Markets. On Thursday, January 25 the stock of Tronox Limited (NYSE:TROX) has “Overweight” rating given by JP Morgan. The stock rating was maintained by UBS with “Sell” on Friday, March 2. On Monday, March 12 the stock of Tronox Limited (NYSE:TROX) has “Overweight” rating given by Barclays Capital. On Wednesday, February 7 the firm has “Buy” rating given by Wells Fargo. On Thursday, March 1 the stock has “Buy” rating by Alembic.

Tronox Limited (NYSE:TROX) Analyst Ratings Chart

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