Tronox Limited (TROX)’s Stock Is Sell After Forming Multiple Bottom

June 25, 2018 - By Louis Casey

Tronox Limited (NYSE:TROX) Logo

Investors sentiment decreased to 0.94 in 2018 Q1. Its down 1.12, from 2.06 in 2017Q4. It dropped, as 37 investors sold Tronox Limited shares while 47 reduced holdings. 30 funds opened positions while 49 raised stakes. 80.97 million shares or 0.44% less from 81.33 million shares in 2017Q4 were reported.
Trexquant Investment Ltd Partnership holds 0.06% or 46,211 shares. Invesco Ltd has 160,341 shares. Fine Cap Ptnrs Limited Partnership invested 3.5% in Tronox Limited (NYSE:TROX). Lorber David A stated it has 0.03% of its portfolio in Tronox Limited (NYSE:TROX). Stifel has 87,050 shares for 0.01% of their portfolio. Schwab Charles Invest Mgmt has 727,750 shares for 0.01% of their portfolio. Balyasny Asset Mngmt Ltd reported 0% stake. Scopus Asset Management Ltd Partnership, New York-based fund reported 79,100 shares. Tiaa Cref Invest Mngmt Ltd Company has invested 0.12% of its portfolio in Tronox Limited (NYSE:TROX). State Board Of Administration Of Florida Retirement Sys holds 35,663 shares. Nomura invested in 0% or 145,000 shares. Automobile Association, Texas-based fund reported 13,965 shares. Raymond James reported 14,913 shares. Manufacturers Life Insurance The reported 63,962 shares. Wellington Mgmt Grp Limited Liability Partnership has 0% invested in Tronox Limited (NYSE:TROX) for 11,795 shares.

The stock of Tronox Limited (TROX) shows a multiple bottoms pattern with $19.00 target or 5.00 % below today’s $20.00 share price. The 7 months chart pattern indicates high risk for the $2.45 billion company. It was reported on Jun, 25 by If the $19.00 price target is reached, the company will be worth $122.50M less.
Multiple bottoms are very good trading chart patterns. These patterns have a low break even failure rate and decent average rise in a bull market, giving them a solid performance rank. Back-tests of such patterns show that the break even failure rate is 4%, the average rise: 37%, the throwback rate: 64% and the percentage of stocks meeting their price targets: 64%.

The stock increased 6.89% or $1.29 during the last trading session, reaching $20. About 3.51 million shares traded or 219.84% up from the average. Tronox Limited (NYSE:TROX) has risen 10.27% since June 25, 2017 and is uptrending. It has underperformed by 2.30% the S&P500.

Analysts await Tronox Limited (NYSE:TROX) to report earnings on August, 14. They expect $0.22 EPS, up 144.44 % or $0.13 from last year’s $0.09 per share. TROX’s profit will be $26.95M for 22.73 P/E if the $0.22 EPS becomes a reality. After $0.01 actual EPS reported by Tronox Limited for the previous quarter, Wall Street now forecasts 2,100.00 % EPS growth.

Tronox Limited (NYSE:TROX) Ratings Coverage

Among 7 analysts covering Tronox (NYSE:TROX), 5 have Buy rating, 1 Sell and 1 Hold. Therefore 71% are positive. Tronox had 7 analyst reports since January 25, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, January 25 by JP Morgan. The stock has “Sell” rating by UBS on Friday, March 2. The rating was initiated by Wells Fargo with “Buy” on Wednesday, February 7. As per Thursday, March 1, the company rating was maintained by Alembic. The stock of Tronox Limited (NYSE:TROX) has “Overweight” rating given on Monday, March 12 by Barclays Capital. The rating was initiated by BMO Capital Markets with “Buy” on Tuesday, March 27.

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company has market cap of $2.45 billion. It primarily operates in two divisions, TiO2 and Alkali. It currently has negative earnings. The TiO2 segment engages in the exploration, mining, and beneficiation of mineral sands deposits.

Tronox Limited (NYSE:TROX) Ratings Chart

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