Tronox Holdings plc (NYSE:TROX) Given Average Recommendation of "Moderate Buy" by Brokerages

Tronox Holdings plc (NYSE:TROX - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $18.00.

Several brokerages have recently weighed in on TROX. The Goldman Sachs Group decreased their target price on Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, September 19th. StockNews.com raised shares of Tronox from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. Barclays lowered their price target on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, October 28th. UBS Group upgraded shares of Tronox from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets lowered their target price on Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th.

Tronox Trading Down 4.9 %

Shares of NYSE:TROX traded down $0.61 during trading on Friday, reaching $11.82. 1,122,144 shares of the stock were exchanged, compared to its average volume of 1,126,889. The firm's 50-day moving average price is $13.16 and its 200 day moving average price is $15.59. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of -24.62 and a beta of 1.66. Tronox has a 12-month low of $10.77 and a 12-month high of $20.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

Tronox (NYSE:TROX - Get Free Report) last released its quarterly earnings data 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 business 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%. Tronox's quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, sell-side analysts anticipate that Tronox will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend is Friday, November 8th. Tronox's payout ratio is currently -104.16%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Tronox in the 2nd quarter worth about $76,000. Headlands Technologies LLC bought a new position in Tronox in the second quarter worth about $83,000. SG Americas Securities LLC acquired a new position in Tronox in the first quarter valued at approximately $124,000. nVerses Capital LLC bought a new position in shares of Tronox during the second quarter valued at approximately $121,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company's stock worth $178,000 after purchasing an additional 861 shares during the period. Institutional investors and hedge funds own 73.36% of the company's stock.

About Tronox

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.