Brokerages Set Tronox Holdings plc (NYSE:TROX) Target Price at $14.86

Shares of Tronox Holdings plc (NYSE:TROX) have earned an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $14.86.

Several brokerages recently weighed in on TROX. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets boosted their price objective on Tronox from $18.00 to $19.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Finally, UBS Group increased their target price on Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th.

Institutional Trading of Tronox

Large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings 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 valued at $178,000 after purchasing an additional 861 shares in the last quarter. Nomura Holdings Inc. bought a new position in Tronox during the fourth quarter valued at $338,000. Quadrature Capital Ltd purchased a new position in shares of Tronox in the 4th quarter worth $353,000. Bridgeway Capital Management LLC increased its holdings in shares of Tronox by 29.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,234,263 shares of the company’s stock worth $17,477,000 after buying an additional 281,110 shares during the last quarter. Finally, CoreCommodity Management LLC raised its position in shares of Tronox by 32.3% during the 4th quarter. CoreCommodity Management LLC now owns 39,489 shares of the company’s stock valued at $559,000 after buying an additional 9,635 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Up 0.6 %

NYSE TROX opened at $17.48 on Tuesday. Tronox has a 52 week low of $10.08 and a 52 week high of $17.89. The company has a quick ratio of 0.95, a current ratio of 2.84 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $2.74 billion, a P/E ratio of -8.65, a price-to-earnings-growth ratio of 23.38 and a beta of 1.93. The stock’s 50-day moving average price is $16.27 and its 200-day moving average price is $13.97.

Tronox (NYSE:TROX) last released its earnings results on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.33). The firm had revenue of $686.00 million for the quarter, compared to the consensus estimate of $668.95 million. Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. Tronox’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.17) EPS. On average, equities research analysts predict that Tronox will post 0.6 earnings per share for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were issued a $0.125 dividend. The ex-dividend date was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.86%. Tronox’s dividend payout ratio (DPR) is -24.75%.

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.