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 Watch Right Now: Altimmune, Inc.(ALT)
Altimmune, Inc., a clinical stage biopharmaceutical company, focuses on developing intranasal vaccines, immune modulating therapies, and treatments for liver disease. The company develops AdCOVID, a single-dose intranasal vaccine that is in Phase I clinical trial to protect against COVID-19; T-COVID, an intranasal immune modulating therapeutic candidate, which is in Phase I/II clinical trial to evaluate the potential of T-COVID to prevent clinical worsening in patients with early COVID-19; NasoShield, an anthrax vaccine product candidate that is in a Phase 1b trial; and NasoVAX, a recombinant intranasal vaccine product candidate, which completed Phase IIa clinical trial for the treatment of seasonal and pandemic use. It also focuses on developing ALT-801, a novel peptide-based dual GLP-1/glucagon receptor agonist for the treatment of non-alcoholic steatohepatitis that is in Phase I clinical trial; and HepTcell, an immunotherapeutic product candidate, which is in Phase II clinical trial for patients chronically infected with the hepatitis B virus. Altimmune, Inc. has a collaboration with the University of Alabama at Birmingham for the development of AdCOVID. The company is headquartered in Gaithersburg, Maryland.
Advisors’ Opinion:
- [By Chris Lau]
Chances are low that it will slump like Altimmune (NASDAQ:ALT) after it discontinued its nasal Covid-19 vaccine.
By comparison, Inovio Pharmaceuticals (NASDAQ:INO) is on the mend after Brazil approved its vaccine candidate.
- [By Stephan Byrd]
Altcoin (CURRENCY:ALT) traded flat against the US dollar during the 1 day period ending at 14:00 PM ET on February 17th. One Altcoin token can currently be bought for about $0.0202 or 0.00000565 BTC on major cryptocurrency exchanges including Cryptopia and C-CEX. Altcoin has a market capitalization of $2,488.00 and approximately $0.00 worth of Altcoin was traded on exchanges in the last 24 hours. In the last week, Altcoin has traded flat against the US dollar.
- [By Stephan Byrd]
Altitude Group PLC (LON:ALT)’s share price traded up 11.4% during trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 76.90 ($1.00) and last traded at GBX 76.86 ($1.00). 110,227 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 101,709 shares. The stock had previously closed at GBX 69 ($0.90).
Top 10 Undervalued Stocks To Watch Right Now: Horizon Global Corporation(HZN)
Horizon Global Corporation, incorporated on January 14, 2015, is a designer, manufacturer and distributor of a range of custom-engineered towing, trailering, cargo management and other related accessory products serving the automotive aftermarket, retail and original equipment (OE) channels. The Company operates through two segments: Cequent Americas and Cequent APEA. The Company’s Cequent Americas and Cequent APEA marketed through original equipment manufacturers (OEMs), OE suppliers, retailers and aftermarket customers servicing users in the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer and utility markets. Its products are used in approximately two primary categories across the world, including commercial applications (Work) and recreational activities (Play). The markets in its Work category include agricultural, automotive, construction, fleet, industrial, marine, military, mining and municipalities. The markets in its Play category include equestrian, power sports, recreational vehicle, specialty automotive, truck accessory and other specialty towing applications. The Company distributes its products through independent installers, warehouse distributors, dealers, OE, retail stores and online retailers.
The Company’s brands include Reese, Hayman-Reese, Draw-Tite, Aqua Clear, Bulldog, BTM, DHF, Engetran, Fulton, Harper, Hidden Hitch, Highland, Kovil, Laitner, Parkside, Pro Series, Reese Secure, Reese Explorer, Reese Power Sports, Reese Towpower, ROLA, Tekonsha, Trojan, WesBarg and Witter Towbar System. The Company has over 6,700 customers across the world. The Company operates manufacturing facilities in Australia, Brazil, Germany, Mexico, New Zealand, South Africa, Thailand and the United Kingdom.
Cequent Americas
The Cequent Americas segment consists of two operating segments: Cequent Performance Products (CPP), a manufacturer of aftermarket and OEM towing and trailering products and accessories, and Cequent Consumer Products (CCP), a provider of towing, trailering, vehicle protection and cargo management solutions serving the end user through retailers. The Cequent Americas segment has operations in North America, and its towing and trailering-related products are sold through retail, aftermarket and OE channels.
Cequent APEA
The Cequent APEA segment focuses its sales and manufacturing efforts outside of the Americas, operating in Australia. The Company also operates in New Zealand, Thailand, Europe, the United Kingdom, South Africa, Germany and Asia Pacific region. It is in the early-stages of its development in these markets focusing on supporting OE customers.
The Company competes with Curt Manufacturing, B&W Trailer Hitches, The Bosal Group, Brink, Westfalia, Buyers Products Company, Demco Products, PullRite, Westin Automotive Products, Camco, Pacific Rim, Dutton-Lainson, Shelby, Ultra-Fab, Sea-Sense, Atwood, Thule, Yakima, Bell, Masterlock and Saris.
Advisors’ Opinion:
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Horizon Global (HZN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Get a free copy of the Zacks research report on Horizon Global (HZN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Brian Feroldi]
Horizon Global (NYSE:HZN) reported its second-quarter results on Aug. 7th. Investors had already been provided with a sneak peek at the towing and trailering company’s results in mid-July after management announced that it was expanding its ability to borrow by $50 million. The company’s second-quarter results were largely in line with those updated projections, and management reaffirmed that its turnaround remains on track. However, the year-over-year numbers did not look pretty.
- [By Stephan Byrd]
ValuEngine upgraded shares of Horizon Global (NYSE:HZN) from a strong sell rating to a sell rating in a research note released on Wednesday.
A number of other research firms have also commented on HZN. Zacks Investment Research raised Horizon Global from a strong sell rating to a hold rating in a research report on Thursday, March 29th. B. Riley assumed coverage on Horizon Global in a research report on Friday, April 13th. They issued a buy rating and a $12.50 price target for the company. Bank of America lowered Horizon Global from a buy rating to an underperform rating and lowered their price target for the company from $10.00 to $5.00 in a research report on Friday, June 22nd. Finally, Roth Capital increased their price target on Horizon Global from $6.50 to $7.50 and gave the company a neutral rating in a research report on Friday, June 22nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $13.86.
Top 10 Undervalued Stocks To Watch Right Now: SM Energy Company(SM)
We are an independent energy company engaged in the acquisition, exploration, development, and production of crude oil and condensate, natural gas, and natural gas liquids (also respectively referred to as “oil,” “gas,” and “NGLs” throughout the document) in onshore North America. We were founded in 1908 and incorporated in Delaware in 1915. Our initial public offering of common stock was in December 1992. Our common stock trades on the New York Stock Exchange under the ticker symbol “SM.” Our principal offices are located at 1775 Sherman Street, Suite 1200, Denver, Colorado 80203, and our telephone number is (303) 861-8140. Strategy Our strategic objective is to profitably build our ownership and operatorship of North American oil, gas, and NGL producing assets that have high operating margins and significant opportunities for additional economic investment. Advisors’ Opinion:
- [By Motley Fool Transcribers]
SM Energy Co (NYSE:SM)Q4 2019 Earnings Conference CallFeb. 21, 2019, 10:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Logan Wallace]
Scotia Howard Weill upgraded shares of SM Energy (NYSE:SM) from a sector perform rating to a sector outperform rating in a research note published on Thursday morning.
Top 10 Undervalued Stocks To Watch Right Now: Haverty Furniture Companies, Inc.(HVT)
Haverty Furniture Companies, Inc. operates as a specialty retailer of residential furniture and accessories in the United States. The company also offers mattress product lines under the Sealy, Serta, Stearns & Foster, and Tempur-Pedic names. It sells home furnishings through its retail stores, as well as through its Website. As of December 31, 2015, the company operated 121 stores in 16 states in the Southern and Midwest regions. Haverty Furniture Companies, Inc. was founded in 1885 and is based in Atlanta, Georgia.
Advisors’ Opinion:
- [By ]
Some of these are even smaller nano-caps, such as medical device maker Digirad (Nasdaq: DRAD), whose entire market value is just $36 million.
There is absolutely nothing wrong with small businesses. I own shares of quite a few in my personal account. But for the most part, I use them to fill out the growth sleeve of my portfolio and don’t consider them stable income producers.
Top 10 Undervalued Stocks To Watch Right Now: CarLotz, Inc.(LOTZ)
CarLotz, Inc. operates as a consignment-to-retail used vehicle marketplace that provides its corporate vehicle sourcing partners and retail sellers of used vehicles. The company serves corporate vehicle sourcing partners, which include fleet leasing companies, rental car companies, banks, captive finance companies, third-party remarketers, wholesalers, companies that manage their own fleets, and original equipment manufacturers; retail sellers of used vehicles to individuals; and retail customers. It operates ten hubs throughout the Mid-Atlantic, Southeast, Southcentral, Midwest, and West Coast regions of the United States. The company was founded in 2011 and is headquartered in Richmond, Virginia.
Advisors’ Opinion:
- [By Muslim Farooque]
All in all, this is an intriguing pick among the penny stocks.
Carlotz (LOTZ) Source: Shutterstock
Next on this list of penny stocks is Carlotz, a company that operates a used car consignment and retail remarketing business. Despite recent headwinds, this company has done an excellent job of expanding its top line and executing growth initiatives. For example, it has opened up new locations in the past six months, hired new employees and undertaken major marketing initiatives. Right now, LOTZ stock is trading at just 1.71 times forward sales despite substantial forward revenue growth estimates.
Top 10 Undervalued Stocks To Watch Right Now: Farmer Brothers Company(FARM)
Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products. Its product line includes roasted coffee; liquid coffee; and coffee related products, such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, gravy and sauce mixes, pancake and biscuit mixes, and jellies and preserves. The company distributes its products through direct and brokered sales to institutional foodservice establishments, including restaurants, hotels, casinos, hospitals, and foodservice providers, as well as retailers, such as convenience stores, coffee houses, general merchandisers, private label retailers, and grocery stores in the United States. Farmer Bros. Co. was founded in 1912 and is headquartered in Torrance, California.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Farmer Brothers Co (NASDAQ:FARM)Q2 2019 Earnings Conference CallFeb. 11, 2019, 5:00 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Ethan Ryder]
Farmer Bros Co (NASDAQ:FARM) CEO Michael H. Keown sold 23,333 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.03, for a total transaction of $654,023.99. Following the completion of the transaction, the chief executive officer now directly owns 68,405 shares of the company’s stock, valued at approximately $1,917,392.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Top 10 Undervalued Stocks To Watch Right Now: Bayerische Motoren Werke Aktiengesellschaft(BMWYY)
Bayerische Motoren Werke Aktiengesellschaft, together with its subsidiaries, develops, manufactures, and sells automobiles and motorcycles, and spare parts and accessories worldwide. It operates through Automotive, Motorcycles, and Financial Services segments. The Automotive segment is involved in the development, manufacture, assembling, and sale of automobiles, spare parts, accessories, and mobility services under the BMW, MINI, and Rolls-Royce brands. This segment sells its products through independent and authorized dealerships. The Motorcycles segment develops, manufactures, assembles, and sells motorcycles and scooters under the BMW Motorrad brand name, as well as spare parts and accessories. The Financial Services segment engages in automobile leasing, retail and dealership financing, multi-brand fleet, customer deposit, and insurance activities; and the provision of fleet management services under the Alphabet brand. The company was founded in 1916 and is based in Munich, Germany.
Advisors’ Opinion:
- [By ]
While Mercedes-Benz (DDAIF) and BMW (BMWYY) have seen a surge in new registrations, their sales are still far from approaching Tesla's levels. New registrations of electric vehicles reached 14,619 units for Mercedes, a yearly increase of 95%, and amounted to 16,241 for BMW, which is a yearly increase of 53.2%.
- [By ]
China accounted for 136k car sales (YoY -35.8%). The decline could be explained with a lag of new products which are now introduced step by step. The new Ford Focus (+94% Q12019/Q42018) and Ford Territory already gained momentum while the company continuously increases availability of the new models. “Ford China 2.0” is a strategy to drive sales and reshape the business. Ford will introduce 30 new models within three years of which 10 models will be electrified. With the new product lineup, Ford will compete with Daimler (OTCPK:DDAIF), Renault (OTC:RNSDF), BMW (OTCPK:BMWYY) and Tesla (NASDAQ:TSLA) and it is likely that it can increase market share in China again.
- [By ]
The list of supporters of this bill includes every major auto manufacturer in the world, GM, Tesla, Toyota Motor Corp. (NYSE:TM), Ford Motor Co. (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU), Honda Motor Co. (NYSE:HMC), BMW AG (OTCPK:BMWYY), Nissan Motor Co. (OTCPK:NSANY), and Volkswagen Group (OTCPK:VWAGY), and many others. You know, in short order, many Chinese EV manufacturers would be hitting U.S shores with their offerings. Even electric utilities are supporting this bill. Why not? All of the electricity to power these millions of vehicles has to come from somewhere.
- [By John Rosevear]
Whenever an industry falls out of favor with investors, there are usually bargains to be found — the good companies that were sold off with the bad ones. Ford Motor Company (NYSE:F) and BMW AG (NASDAQOTH:BMWYY) were investor favorites a few years ago, when their sales (and earnings) were rising and their management teams looked a bit sharper than most. But both have slumped over the last year.
