UBS Group Issues Positive Forecast for Tronox (NYSE:TROX) Stock Price

Tronox (NYSE:TROX) had its price objective upped by investment analysts at UBS Group from $5.25 to $7.50 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 5.12% from the company’s current price.

A number of other equities analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $8.00 price target on shares of Tronox in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. The Goldman Sachs Group boosted their price objective on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Finally, Truist Financial raised their target price on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $6.30.

Tronox Price Performance

NYSE TROX traded down $0.07 during trading on Thursday, reaching $7.14. 1,162,276 shares of the company traded hands, compared to its average volume of 4,300,631. Tronox has a 1-year low of $2.86 and a 1-year high of $8.80. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -2.41 and a beta of 1.18. The stock’s 50 day moving average price is $6.01 and its two-hundred day moving average price is $4.67. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.73 and a current ratio of 2.46.

Tronox (NYSE:TROX) last announced its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.17). Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The company had revenue of $730.00 million during the quarter, compared to analyst estimates of $730.22 million. During the same period in the prior year, the firm earned $0.03 EPS. Tronox’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, analysts anticipate that Tronox will post 0.49 EPS for the current year.

Institutional Trading of Tronox

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in shares of Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after purchasing an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Tronox during the 3rd quarter worth approximately $37,000. Headlands Technologies LLC bought a new stake in Tronox in the 2nd quarter valued at $38,000. Westview Management dba Westview Investment Advisors acquired a new stake in Tronox during the 4th quarter valued at $42,000. Finally, Aigen Investment Management LP acquired a new stake in Tronox during the 4th quarter valued at $43,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.