Tronox Holdings plc (NYSE:TROX) Receives $18.00 Average Price Target from Analysts

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

Several research analysts have weighed in on TROX shares. The Goldman Sachs Group reduced their target price on Tronox from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Thursday, September 19th. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, October 28th. UBS Group upgraded Tronox from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, BMO Capital Markets cut their price target on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday, October 29th.

Institutional Trading of Tronox

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Tronox by 4.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company's stock valued at $393,000 after purchasing an additional 1,014 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock valued at $96,000 after purchasing an additional 1,683 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Tronox by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock valued at $717,000 after purchasing an additional 2,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Tronox by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company's stock valued at $399,000 after purchasing an additional 2,488 shares during the last quarter. Finally, nVerses Capital LLC grew its position in shares of Tronox by 35.1% in the third quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock valued at $152,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company's stock.

Tronox Stock Up 0.2 %

Shares of Tronox stock traded up $0.02 during trading on Wednesday, reaching $12.00. 250,147 shares of the company were exchanged, compared to its average volume of 1,106,651. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. Tronox has a twelve month low of $10.69 and a twelve month high of $20.70. The business has a 50-day moving average price of $12.88 and a 200-day moving average price of $14.75.

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

Tronox Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date is Friday, November 8th. Tronox's dividend payout ratio is currently -104.16%.

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.