Tronox Holdings plc (NYSE:TROX) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $18.33.

TROX has been the subject of several research reports. UBS Group lowered their price objective on shares of Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Mizuho began coverage on Tronox in a research note on Friday, June 7th. They set a “neutral” rating and a $22.00 price target on the stock. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Barclays dropped their target price on Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 6th. Finally, The Goldman Sachs Group reduced their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, September 19th.

Tronox Stock Up 6.3 %

NYSE:TROX opened at $13.72 on Friday. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.98 and a quick ratio of 1.08. Tronox has a 1-year low of $10.08 and a 1-year high of $20.70. The company has a 50-day moving average of $13.79 and a 200 day moving average of $16.34. The firm has a market cap of $2.17 billion, a PE ratio of -6.15, a price-to-earnings-growth ratio of 22.26 and a beta of 1.64.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $848.04 million. During the same quarter last year, the firm earned $0.16 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that Tronox will post 0.44 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a yield of 3.64%. Tronox’s payout ratio is -22.42%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Capital World Investors purchased a new position in Tronox in the 1st quarter valued at $19,152,000. Primecap Management Co. CA grew its stake in Tronox by 7.9% during the 4th quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock valued at $17,483,000 after acquiring an additional 90,500 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Tronox by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock valued at $27,627,000 after acquiring an additional 127,718 shares during the last quarter. Franklin Resources Inc. raised its holdings in Tronox by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after acquiring an additional 876,192 shares during the last quarter. Finally, Capital International Investors lifted its stake in Tronox by 2.7% in the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after purchasing an additional 126,926 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.