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

Tronox Holdings plc (NYSE:TROX - Get Free Report) has earned an average recommendation of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.00.

TROX has been the topic of several research analyst reports. Barclays decreased their target price on shares of 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 lowered their price objective on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research note on Tuesday, October 29th. UBS Group raised 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 report on Thursday, October 10th. Finally, The Goldman Sachs Group lowered their price target on Tronox from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Thursday, September 19th.

Tronox Trading Down 2.6 %

NYSE TROX traded down $0.27 during mid-day trading on Friday, reaching $10.13. 435,842 shares of the stock were exchanged, compared to its average volume of 1,103,722. The stock has a market capitalization of $1.60 billion, a PE ratio of -21.10 and a beta of 1.59. 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 has a 1-year low of $9.99 and a 1-year high of $20.70. The business's fifty day simple moving average is $11.63 and its 200 day simple moving average is $13.69.

Tronox (NYSE:TROX - Get Free Report) last posted 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 analyst estimates of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. Tronox's revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.08) EPS. On average, research analysts anticipate that Tronox will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a yield of 4.94%. Tronox's dividend payout ratio (DPR) is -104.17%.

Institutional Investors Weigh In On Tronox

Large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. grew its holdings in Tronox by 34.6% during the 3rd 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in Tronox by 5.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company's stock valued at $717,000 after buying an additional 2,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Tronox by 9.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company's stock valued at $399,000 after acquiring an additional 2,488 shares in the last quarter. nVerses Capital LLC increased its holdings in Tronox by 35.1% during the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after purchasing an additional 2,700 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Tronox in the third quarter worth $66,000. Institutional investors and hedge funds 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.