Market Dynamics
Zacks Upgrades Tronox to Neutral (TROX)
Time: 2014-01-27 Source from: www.zacks.com
Tronox (NASDAQ:TROX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Jan 7th, AmericanBankingNews.com reports. The firm currently has a $23.60 price target on the stock. Zacks‘ price objective would indicate a potential upside of 0.38% from the company's current price.
Shares of Tronox (NASDAQ:TROX) traded down 1.19% on Tuesday, hitting $23.23. 245,870 shares of the company's stock traded hands. Tronox has a one year low of $18.15 and a one year high of $26.99. The stock's 50-day moving average is $22.1 and its 200-day moving average is $22.40. The company's market cap is $2.636 billion.
Tronox (NASDAQ:TROX) last announced its earnings results on Wednesday, November 6th. The company reported ($0.48) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.05) by $0.43. The company had revenue of $491.00 million for the quarter, compared to the consensus estimate of $501.80 million. On average, analysts predict that Tronox will post $-1.33 earnings per share for the current fiscal year.