Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have been given a consensus recommendation of “Moderate Buy” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $17.83.

TROX has been the topic of a number of recent research reports. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and increased their price target for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. BMO Capital Markets reduced their target price on shares of Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. The Goldman Sachs Group lowered their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. StockNews.com raised Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Finally, Barclays decreased their price objective on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, September 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Capital International Investors grew its position in shares of Tronox by 2.7% in the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after buying an additional 126,926 shares during the last quarter. Driehaus Capital Management LLC boosted its holdings in Tronox by 109.3% in the second quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock valued at $41,530,000 after acquiring an additional 1,381,975 shares in the last quarter. Van Lanschot Kempen Investment Management N.V. increased its position in Tronox by 2.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock valued at $38,072,000 after purchasing an additional 68,155 shares during the period. Primecap Management Co. CA increased its position in Tronox by 0.8% during the 2nd quarter. Primecap Management Co. CA now owns 1,311,700 shares of the company’s stock valued at $20,581,000 after purchasing an additional 10,000 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in Tronox by 3.7% in the 1st quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock worth $22,212,000 after purchasing an additional 45,992 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

NYSE TROX opened at $14.38 on Tuesday. Tronox has a 52-week low of $10.08 and a 52-week high of $20.70. The company has a fifty day moving average of $13.53 and a 200-day moving average of $16.03. The company has a market capitalization of $2.27 billion, a P/E ratio of -6.45, a P/E/G ratio of 27.68 and a beta of 1.64. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm had revenue of $820.00 million for the quarter, compared to the consensus estimate of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $0.16 EPS. As a group, equities research analysts predict that Tronox will post 0.42 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were issued a dividend of $0.125 per share. The ex-dividend date was Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.48%. Tronox’s dividend payout ratio is currently -22.42%.

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.