Morgan Stanley Has Lowered Expectations for Tronox (NYSE:TROX) Stock Price

Tronox (NYSE:TROX - Free Report) had its price target cut by Morgan Stanley from $16.00 to $12.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities analysts also recently weighed in on TROX. Barclays cut their target price on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. UBS Group raised Tronox from a "neutral" rating to a "buy" rating and upped their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. The Goldman Sachs Group decreased their price objective on Tronox from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. Finally, BMO Capital Markets cut their target price on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating for the company in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Tronox currently has an average rating of "Moderate Buy" and a consensus price target of $16.50.

Tronox Stock Up 2.6 %

NYSE:TROX traded up $0.24 on Monday, hitting $9.31. The stock had a trading volume of 1,863,678 shares, compared to its average volume of 1,334,525. The company has a market cap of $1.47 billion, a PE ratio of -19.40 and a beta of 1.62. Tronox has a 52 week low of $8.73 and a 52 week high of $20.70. The business's fifty day moving average is $11.00 and its 200 day moving average is $13.03. 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 (NYSE:TROX - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. During the same quarter last year, the firm posted ($0.08) EPS. The business's revenue for the quarter was up 21.5% compared to the same quarter last year. On average, equities research analysts expect that Tronox will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.37%. The ex-dividend date was Friday, November 8th. Tronox's payout ratio is -104.17%.

Institutional Trading of Tronox

A number of large investors have recently modified their holdings of TROX. Public Employees Retirement System of Ohio bought a new stake in shares of Tronox in the 3rd quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tronox during the 2nd quarter valued at $76,000. Headlands Technologies LLC purchased a new stake in Tronox during the 2nd quarter valued at $83,000. nVerses Capital LLC grew its holdings in Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company's stock worth $152,000 after acquiring an additional 2,700 shares during the last quarter. Finally, MQS Management LLC purchased a new position in shares of Tronox in the second quarter valued at about $195,000. 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.