Tronox Holdings plc (NYSE:TROX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Tronox Holdings plc (NYSE:TROX - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $16.50.

Several research firms have issued reports on TROX. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and increased their target price for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Barclays lowered their price objective on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, October 28th. BMO Capital Markets reduced their target price on Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, October 29th. The Goldman Sachs Group lowered their price target on Tronox from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their price objective on Tronox from $16.00 to $12.00 and set an "equal weight" rating for the company in a report on Monday, January 13th.

Tronox Stock Performance

Shares of NYSE TROX traded up $0.20 during midday trading on Thursday, hitting $10.17. The company's stock had a trading volume of 1,532,224 shares, compared to its average volume of 1,199,245. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -21.18 and a beta of 1.62. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The stock has a fifty day moving average price of $10.68 and a 200 day moving average price of $12.70. Tronox has a one year low of $8.73 and a one year high of $20.70.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $804.00 million for the quarter, compared to analysts' expectations of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The company's revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. On average, research analysts forecast that Tronox will post -0.04 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.92%. Tronox's dividend payout ratio is -104.16%.

Institutional Investors Weigh In On Tronox

A number of institutional investors have recently made changes to their positions in the business. KBC Group NV grew its position in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company's stock worth $70,000 after acquiring an additional 2,590 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Tronox during the fourth quarter valued at approximately $403,000. SG Americas Securities LLC grew its holdings in shares of Tronox by 123.9% in the fourth quarter. SG Americas Securities LLC now owns 40,195 shares of the company's stock worth $405,000 after purchasing an additional 22,242 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Tronox by 8.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 69,726 shares of the company's stock worth $702,000 after buying an additional 5,309 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Tronox by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company's stock valued at $12,307,000 after buying an additional 46,721 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Company Profile

Tronox Holdings plc operates as a vertically integrated manufacturer of TiO2 pigment in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. The company operates titanium-bearing mineral sand mines; and engages in beneficiation and smelting operations. It offers TiO2 pigment; ultrafine specialty TiO2; zircon; feedstock; pig iron; monazite; titanium tetrachloride; and other products.