Tronox (NYSE:TROX) Price Target Raised to $7.50 at UBS Group

Tronox (NYSE:TROX) had its price target boosted by UBS Group from $5.25 to $7.50 in a report issued on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

Several other brokerages have also recently commented on TROX. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. The Goldman Sachs Group raised their target price on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a report on Thursday, January 29th. Truist Financial boosted their price target on Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Tronox presently has a consensus rating of “Hold” and a consensus price target of $6.30.

Tronox Price Performance

Tronox stock opened at $7.16 on Thursday. The firm has a market cap of $1.14 billion, a PE ratio of -2.41 and a beta of 1.18. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.73. The stock’s fifty day moving average price is $6.07 and its two-hundred day moving average price is $4.69. Tronox has a one year low of $2.86 and a one year high of $8.80.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $730.22 million. Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the company posted $0.03 earnings per share. As a group, research analysts expect that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Monday, February 23rd will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, February 23rd. Tronox’s dividend payout ratio is presently -6.73%.

Institutional Investors Weigh In On Tronox

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC bought a new position in shares of Tronox during the first quarter worth about $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after purchasing an additional 3,042 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Tronox by 12.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after purchasing an additional 41,092 shares during the period. Jane Street Group LLC boosted its stake in shares of Tronox by 93.2% in the 1st quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after purchasing an additional 57,237 shares during the last quarter. Finally, Focus Partners Advisor Solutions LLC bought a new position in Tronox during the second quarter worth $64,000. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.