Brokerages Set Tronox Holdings PLC (NYSE:TROX) Price Target at $4.92

Tronox Holdings PLC (NYSE:TROX) has earned an average recommendation of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $4.9222.

Several equities research analysts have issued reports on the company. Mizuho dropped their target price on Tronox from $3.50 to $3.00 and set an “underperform” rating on the stock in a research report on Thursday, November 6th. UBS Group decreased their price objective on Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Alembic Global Advisors reissued an “overweight” rating and set a $6.00 price objective on shares of Tronox in a report on Monday, September 15th. Truist Financial cut their target price on Tronox from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd.

Hedge Funds Weigh In On Tronox

A number of institutional investors have recently added to or reduced their stakes in TROX. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Tronox in the 3rd quarter valued at about $37,000. Headlands Technologies LLC bought a new position in shares of Tronox in the second quarter worth approximately $38,000. Public Employees Retirement System of Ohio raised its stake in Tronox by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock valued at $50,000 after purchasing an additional 3,231 shares in the last quarter. Equitable Holdings Inc. purchased a new stake in Tronox in the third quarter valued at approximately $51,000. Finally, CIBC Bancorp USA Inc. bought a new stake in Tronox during the third quarter valued at approximately $51,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

NYSE TROX opened at $3.14 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The company has a market cap of $497.85 million, a PE ratio of -1.99 and a beta of 1.36. Tronox has a 52 week low of $2.86 and a 52 week high of $12.72. The firm’s 50-day simple moving average is $3.79 and its two-hundred day simple moving average is $4.55.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $699.00 million during the quarter, compared to the consensus estimate of $776.21 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the firm earned ($0.13) EPS. Research analysts predict that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, November 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.20 annualized dividend and a yield of 6.4%. Tronox’s payout ratio is currently -9.76%.

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.