UBS Group Lowers Tronox (NYSE:TROX) Price Target to $15.00

Tronox (NYSE:TROX - Get Free Report) had its target price lowered by analysts at UBS Group from $16.00 to $15.00 in a report released on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. UBS Group's price target suggests a potential upside of 92.18% from the company's current price.

A number of other equities research analysts have also recently commented on TROX. Morgan Stanley dropped their target price on Tronox from $16.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group dropped their price objective on Tronox from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. Truist Financial assumed coverage on Tronox in a report on Tuesday, January 28th. They issued a "buy" rating and a $17.00 price objective on the stock. BMO Capital Markets dropped their price target on shares of Tronox from $21.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, October 29th. Finally, Barclays dropped their price target on shares of Tronox from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, Tronox presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Tronox Stock Performance

TROX traded down $0.95 during midday trading on Thursday, hitting $7.81. 3,548,957 shares of the company were exchanged, compared to its average volume of 1,091,989. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of -16.26 and a beta of 1.60. Tronox has a 1-year low of $7.72 and a 1-year high of $20.70. The company's 50 day simple moving average is $10.04 and its 200 day simple moving average is $11.94. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42.

Tronox (NYSE:TROX - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. As a group, sell-side analysts predict that Tronox will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On Tronox

A number of institutional investors and hedge funds have recently bought and sold shares of TROX. Thrivent Financial for Lutherans boosted its position in Tronox by 60.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company's stock worth $69,869,000 after acquiring an additional 2,616,804 shares during the last quarter. FMR LLC boosted its stake in Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company's stock worth $348,270,000 after buying an additional 1,073,674 shares during the last quarter. Lightrock Netherlands B.V. acquired a new position in Tronox during the fourth quarter worth $9,183,000. Capital International Investors boosted its stake in Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company's stock worth $61,034,000 after buying an additional 781,223 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Tronox by 26.5% during the fourth quarter. Bank of New York Mellon Corp now owns 2,630,144 shares of the company's stock worth $26,486,000 after buying an additional 551,645 shares during the last quarter. 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.