Tronox (NYSE:TROX) Price Target Increased to $22.00 by Analysts at The Goldman Sachs Group

Tronox (NYSE:TROX) had its price objective boosted by The Goldman Sachs Group from $17.00 to $22.00 in a research report released on Monday, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

TROX has been the subject of a number of other reports. StockNews.com downgraded Tronox from a hold rating to a sell rating in a research report on Saturday. BMO Capital Markets raised their target price on shares of Tronox from $19.00 to $24.00 and gave the stock an outperform rating in a report on Friday. Finally, UBS Group upped their price target on shares of Tronox from $13.00 to $14.00 and gave the company a neutral rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus target price of $16.29.

Tronox Price Performance

Shares of NYSE TROX opened at $18.72 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. Tronox has a 12-month low of $10.08 and a 12-month high of $19.75. The firm’s 50-day moving average price is $16.67 and its 200-day moving average price is $14.28.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The company had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.15 earnings per share. On average, equities research analysts expect that Tronox will post 0.6 EPS for the current year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 4th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 dividend on an annualized basis and a yield of 2.67%. Tronox’s payout ratio is -22.42%.

Institutional Trading of Tronox

A number of large investors have recently modified their holdings of TROX. Vanguard Group Inc. increased its position in Tronox by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 12,476,001 shares of the company’s stock valued at $167,677,000 after purchasing an additional 41,481 shares during the period. Dimensional Fund Advisors LP increased its holdings in Tronox by 6.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock valued at $130,960,000 after buying an additional 597,663 shares during the period. Franklin Resources Inc. raised its stake in Tronox by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock worth $87,583,000 after buying an additional 876,192 shares in the last quarter. Capital International Investors raised its stake in Tronox by 10.7% in the fourth quarter. Capital International Investors now owns 4,630,204 shares of the company’s stock worth $65,564,000 after buying an additional 449,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Tronox by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock worth $27,627,000 after buying an additional 127,718 shares during the period. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.