Tronox Holdings plc (NYSE:TROX) Receives $18.50 Average PT from Brokerages

Tronox Holdings plc (NYSE:TROX) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.86.

TROX has been the subject of a number of recent analyst reports. BMO Capital Markets boosted their target price on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd. Barclays increased their price objective on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Mizuho began coverage on shares of Tronox in a research note on Friday, June 7th. They set a “neutral” rating and a $22.00 target price for the company. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a report on Monday. Finally, UBS Group cut their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th.

Institutional Trading of Tronox

Several hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new position in shares of Tronox during the 4th quarter valued at about $27,000. TFO Wealth Partners LLC raised its stake in Tronox by 260,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after acquiring an additional 7,825 shares during the period. nVerses Capital LLC purchased a new position in Tronox during the second quarter valued at approximately $121,000. SG Americas Securities LLC bought a new position in shares of Tronox in the first quarter worth approximately $124,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Tronox by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Down 4.9 %

Shares of Tronox stock opened at $12.66 on Thursday. 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 $17.29 and a 200 day moving average of $16.64. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of -5.68, a PEG ratio of 17.49 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09.

Tronox (NYSE:TROX) last issued its earnings results 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 net margin of 2.14% and a negative return on equity of 3.38%. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Tronox will post 0.62 earnings per share for the current fiscal year.

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.