Shares of Tronox Holdings closed sharply higher Monday following a report that said the pigment manufacturer received an all-cash offer of $4.3 billion from private-equity giant Apollo Global Management.
On a per-share basis, the offer was for $27 a share, Reuters reported, citing sources who spoke on condition of anonymity. Tronox has hired advisers to consider the bid.
Efforts to reach Tronox for comment were unsuccessful.
Tronox (ticker: TROX) shares rose 11.05% on Monday to close at $22.81. The stock traded as high as $25.48 earlier in the session, the biggest advance since April 2020, according to Bloomberg.
Eight analysts surveyed by FactSet rate Tronox stock at Overweight, with an average price target of $25.88.
Analysts at Alembic Global Advisors said if the report of Apollo’s bid is true, Tronox shares were being undervalued.
Top 10 Undervalued Stocks To Own For 2023: Weatherford International plc(WFRD)
Weatherford International plc, an oilfield service company, provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil and natural gas wells worldwide. The company operates in two segments, Western Hemisphere and Eastern Hemisphere. It offers artificial lift systems, including reciprocating rod, progressing cavity pumping, gas, hydraulic, plunger, and hybrid lift systems, as well as related automation and control systems; pressure pumping and reservoir stimulation services, such as acidizing, fracturing and fluid systems, cementing, and coiled-tubing intervention; and drill stem test tools, surface well testing, and multiphase flow measurement services. The company also provides safety, downhole reservoir monitoring, flow control, and multistage fracturing systems, as well as sand-control technologies, and production and isolation packers; liner hangers to suspend a casing string in high-temperature and high-pressure wells; cementing products, including plugs, float and stage equipment, and torque-and-drag reduction technology for zonal isolation; and pre-job planning and installation services. In addition, it offers directional drilling services, and logging and measurement services while drilling; services related to rotary-steerable systems, high-temperature and high-pressure sensors, drilling reamers, and circulation subs; rotating control devices and advanced automated control systems, as well as closed-loop drilling, air drilling, managed-pressure drilling, and underbalanced drilling services; open hole and cased-hole logging services; and intervention and remediation services. Further, the company provides tubular handling, management, and connection services; drilling tools and rental equipment services; and re-entry, fishing, wellbore cleaning, and well abandonment services, as well as multilateral well systems. Weatherford International plc was incorporated in 1972 and is based in Houston, Texas.
Advisors’ Opinion:
- [By ]
Weatherford International (NASDAQ:WFRD) and TechnipFMC (NYSE:FTI) are both oils/energy companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, dividends, earnings, risk, valuation, profitability and analyst recommendations.
Top 10 Undervalued Stocks To Own For 2023: AGL Resources, Inc.(GAS)
Gas Natural SDG SA is a Spain-based company active in the energy sector. The Company’s activities are divided into six business segments: Gas distribution, which includes gas distribution and commercialization in Spain, Italy and Latin America; Electricity distribution, which provides electricity distribution and commercialization in Spain, Moldova and Latin America; Gas, which is active in the exploration and production of gas, as well as supply and retail of natural gas to wholesale and retail customers; Electricity, which focuses on the generation of electric power from combined cycle, thermal, nuclear, hydro, co-generation and wind farm plants, as well as commercialization of electricity; CGE, which distributes and transports electricity, natural gas and liquefied petroleum gas (LPG), and Other, which comprises activities related to the exploitation of the coal field, optic fiber and other non-energy business. It operates worldwide through numerous subsidiaries, such as Vayu Ltd. Advisors’ Opinion:
- [By Stephan Byrd]
Gas (CURRENCY:GAS) traded 12.9% higher against the U.S. dollar during the 1-day period ending at 22:00 PM ET on July 2nd. Gas has a market cap of $117.83 million and approximately $5.75 million worth of Gas was traded on exchanges in the last day. One Gas token can now be bought for approximately $11.63 or 0.00175551 BTC on exchanges including Cobinhood, Koinex, DragonEX and Binance. Over the last week, Gas has traded 10.4% higher against the U.S. dollar.
- [By Max Byerly]
Gas (CURRENCY:GAS) traded down 0.2% against the U.S. dollar during the 1 day period ending at 21:00 PM E.T. on May 19th. Over the last seven days, Gas has traded 10.8% lower against the U.S. dollar. Gas has a total market capitalization of $228.89 million and $5.00 million worth of Gas was traded on exchanges in the last day. One Gas token can currently be bought for $22.60 or 0.00274789 BTC on major exchanges including Abucoins, OKEx, Bitbns and Coinnest.
Top 10 Undervalued Stocks To Own For 2023: DANONE(DANOY)
Danone S.A. operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's. The company also offers specialized nutrition products for pregnant and breastfeeding mothers, infants, and young children under the Aptamil, Nutrilon, Gallia, Cow & Gate, Blédina, Bebelac, Olvarit, and Happy Family Organics brands. In addition, it provides tube feeding products under the Nutrison name; oral nutritional supplements under the Fortimel and NutriDrink names; and hypoallergenic products for children with allergies primarily under the Aptamil ProSyneo, Aptamil Pepti Syneo, and Neocate Syneo names. Further, the company offers water with natural fruit extracts, fruit juice, and vitamins under the evian, Volvic, Aqua, Mizone, Bonafont, Villavicencio, Villa del Sur, Hayat, Sirma, Fontvella, Lanjarón, Salus, Aqua d'Or, and Zywiec Zdroj brands. It distributes its products through retail chains and traditional market outlets; convenience stores; hospitals, clinics, and pharmacies; and e-commerce. The company was formerly known as Groupe Danone and changed its name to Danone S.A. in April 2009. Danone S.A. was incorporated in 1899 and is headquartered in Paris, France.
Advisors’ Opinion:
- [By ]
Its customers consist of leading food producers like Conagra Brands (CAG), Unilever (UL), Kraft Heinz (KHC) and Danone (DANOY), and food retailers such as Kroger (KR), Safeway, H-E-B and Sprouts Farmers Market (SFM). The REIT owns a 21% share of the U.S. cold storage market.
- [By ]
Danone (DANOY) recently said that is introducing Silk Greek Style Coconutmilk Yogurt Alternatives,
Earlier this month, Yum Brands’ (YUM) – Get Report Pizza Hut unit said it was offering Beyond Meat’s plant-based non-meat pepperoni topping on pizzas in almost 70 locations in five U.S. cities, starting Tuesday.
Top 10 Undervalued Stocks To Own For 2023: Carnival Corporation(CUK)
Carnival plc operates as a leisure travel and cruise company in North America, Europe, Australia, and Asia. It offers cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, and Seabourn brands in North America; and Costa, AIDA, P&O Cruises (UK), Cunard, and P&O Cruises (Australia) brands in Europe, Australia, and Asia. The company operates 99 cruise ships. It also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which owns and operates 11 hotels or lodges, approximately 300 motor coaches, and 20 glass-domed railcars. In addition, the company is involved in the leasing of cruise ships. It sells its cruises primarily through travel agents and tour operators. Carnival plc was founded in 1850 and is headquartered in Southampton, the United Kingdom. Carnival plc operates as a subsidiary of Carnival Corporation & Plc.
Advisors’ Opinion:
- [By Ethan Ryder]
Kearny Financial (NASDAQ:KRNY) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Kearny Financial (KRNY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Undervalued Stocks To Own For 2023: NVR Inc.(NVR)
NVR, Inc. operates as a homebuilder in the United States. It engages in the construction and sale of single-family detached homes, townhomes, and condominium buildings under the trade names of Ryan Homes, NVHomes, Fox Ridge Homes, and Rymarc Homes primarily to first-time homeowners and first-time move-up buyers. The company markets its products in Maryland, Virginia, West Virginia, western and eastern Pennsylvania, New York, North Carolina, South Carolina, Ohio, New Jersey, Delaware, Indiana, Kentucky, Florida, Tennessee, and Columbia. It also offers mortgage banking services to its homebuilding customers, including mortgage financing and brokerage of title insurance, as well as performs title searches in connection with mortgage loan closings. NVR, Inc. was founded in 1979 and is headquartered in Reston, Virginia.
Advisors’ Opinion:
- [By Ethan Ryder]
Several research analysts have commented on the company. Zacks Investment Research raised NVR from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. Buckingham Research began coverage on NVR in a research report on Friday, January 11th. They set a “buy” rating on the stock. Finally, ValuEngine upgraded NVR from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $2,975.20.
TRADEMARK VIOLATION WARNING: “NVR, Inc. (NVR) VP Matthew B. Kelpy Buys 25 Shares” was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at www.tickerreport.com/banking-finance/4169528/nvr-inc-nvr-vp-matthew-b-kelpy-buys-25-shares.html.
About NVR
- [By Paul Ausick]
Reichardt also suggests four builders that have the edge in that market: D.R. Horton Inc. (NYSE: DHI). LGI Homes Inc. (NASDAQ: LGIH), NVR Inc. (NYSE: NVR) and Meritage Homes Corp. (NYSE: MTH). Below is a quick summary of each, along with a look at three larger (by market cap) builders: Lennar Corp. (NYSE: LEN), Toll Brothers Inc. (NYSE: TOL) and PulteGroup Inc. (NYSE: PHM).
Top 10 Undervalued Stocks To Own For 2023: MRC Global Inc.(MRC)
MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and related products and services to the energy industry in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, needle, and plug valves; and other products, such as lined corrosion resistant piping systems, control valves, valve automation products, and top work components, as well as steam and instrumentation products. The company also provides carbon steel fittings and flanges comprising carbon weld fittings, flanges, and piping components; stainless steel and alloy pipes and fittings; carbon line pipes; and oil country tubular goods, which include casings and tubing pipes. In addition, it offers natural gas distribution products, including risers, meters, polyethylene pipes and fittings, and various other components and industrial supplies; oilfield and industrial supplies and completion equipment; and specialized production equipment comprising meter runs, tanks, and separators. Further, the company provides various services, such as product testing, manufacturer assessments, multiple daily deliveries, volume purchasing, inventory and zone store management and warehousing, technical support, training, just-in-time delivery, truck stocking, order consolidation, product tagging, and system interfaces. Its products are used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions, including high pressure, high/low temperature, and high corrosive and abrasive environments. The company was formerly known as McJunkin Red Man Holding Corporation and changed its name to MRC Global Inc. in January 2012. MRC Global Inc. was founded in 1921 and is headquartered in Houston, Texas.
Advisors’ Opinion:
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Atento (ATTO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Get a free copy of the Zacks research report on Atento (ATTO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
