Truist Financial Issues Pessimistic Forecast for Tronox (NYSE:TROX) Stock Price

Tronox (NYSE:TROX - Free Report) had its price target decreased by Truist Financial from $17.00 to $14.00 in a research report report published on Tuesday, Marketbeat.com reports. Truist Financial currently has a buy rating on the stock.

TROX has been the topic of a number of other reports. BMO Capital Markets cut their target price on Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 29th. UBS Group dropped their price target on Tronox from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Barclays dropped their price target on Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Morgan Stanley dropped their price target on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, The Goldman Sachs Group dropped their price target on Tronox from $15.00 to $13.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.57.

Tronox Stock Performance

TROX stock traded down $0.23 during mid-day trading on Tuesday, reaching $7.86. The company had a trading volume of 2,255,682 shares, compared to its average volume of 1,725,850. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $1.24 billion, a P/E ratio of -25.34 and a beta of 1.60. Tronox has a one year low of $7.72 and a one year high of $20.70. The stock's 50-day simple moving average is $9.72 and its two-hundred day simple moving average is $11.75.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Research analysts anticipate that Tronox will post 0.49 EPS for the current year.

Tronox Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.37%. Tronox's payout ratio is presently -161.29%.

Institutional Investors Weigh In On Tronox

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC boosted its position in Tronox by 832.6% during the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company's stock worth $38,000 after acquiring an additional 3,397 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Tronox during the 3rd quarter worth about $66,000. KBC Group NV boosted 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 period. Point72 Asia Singapore Pte. Ltd. boosted its position in Tronox by 34.6% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company's stock worth $96,000 after acquiring an additional 1,683 shares during the period. Finally, Mariner LLC acquired a new stake in Tronox during the 4th quarter worth about $105,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.