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

Shares of Tronox Holdings plc (NYSE:TROX) have been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $18.00.

A number of research firms recently weighed in on TROX. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a report on Thursday, October 10th. The Goldman Sachs Group lowered their target price on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. Barclays cut their price target on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, October 28th. Finally, BMO Capital Markets lowered their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 29th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TROX. JPMorgan Chase & Co. raised its position in shares of Tronox by 5.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 841,230 shares of the company’s stock valued at $12,307,000 after acquiring an additional 46,721 shares in the last quarter. Geode Capital Management LLC increased its stake in Tronox by 0.8% during the third quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Barclays PLC raised its holdings in shares of Tronox by 320.1% during the third quarter. Barclays PLC now owns 182,629 shares of the company’s stock worth $2,672,000 after purchasing an additional 139,161 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Tronox in the 3rd quarter worth about $66,000. Finally, XTX Topco Ltd boosted its holdings in shares of Tronox by 38.0% in the 3rd quarter. XTX Topco Ltd now owns 53,088 shares of the company’s stock valued at $777,000 after buying an additional 14,609 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 2.5 %

Shares of TROX opened at $9.49 on Friday. Tronox has a 12 month low of $9.47 and a 12 month high of $20.70. The stock’s 50-day moving average is $11.29 and its two-hundred day moving average is $13.36. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The stock has a market cap of $1.50 billion, a PE ratio of -19.77 and a beta of 1.59.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) EPS. Equities analysts forecast that Tronox will post -0.04 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 5.27%. The ex-dividend date was Friday, November 8th. Tronox’s dividend payout ratio is currently -104.17%.

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.