Tronox Holdings plc (NYSE:TROX) Receives $18.00 Average Price Target from Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $18.00.

A number of equities research analysts have commented on TROX shares. The Goldman Sachs Group reduced their price target on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. Barclays decreased their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. BMO Capital Markets decreased their price target on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Finally, UBS Group raised Tronox from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.00 to $19.00 in a report on Thursday, October 10th.

Hedge Funds Weigh In On Tronox

Institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates bought a new stake in Tronox in the second quarter worth $1,360,000. Hantz Financial Services Inc. purchased a new stake in Tronox in the second quarter worth approximately $2,717,000. nVerses Capital LLC bought a new position in Tronox in the second quarter valued at about $121,000. Natixis Advisors LLC grew its position in Tronox by 136.4% during the second quarter. Natixis Advisors LLC now owns 51,844 shares of the company’s stock valued at $813,000 after buying an additional 29,909 shares during the period. Finally, Rhumbline Advisers raised its stake in shares of Tronox by 5.3% in the second quarter. Rhumbline Advisers now owns 199,568 shares of the company’s stock worth $3,131,000 after buying an additional 9,969 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Tronox Trading Down 3.4 %

Shares of Tronox stock opened at $9.73 on Friday. 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 has a 12-month low of $9.73 and a 12-month high of $20.70. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of -20.27 and a beta of 1.59. The firm’s 50-day moving average price is $11.35 and its two-hundred day moving average price is $13.46.

Tronox (NYSE:TROX) last released its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The business had revenue of $804.00 million during the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) EPS. On average, analysts forecast that Tronox will post -0.04 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.14%. Tronox’s payout ratio is -104.17%.

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.