Tronox (NYSE:TROX) Price Target Raised to $5.00

Tronox (NYSE:TROX) had its target price upped by investment analysts at Mizuho from $4.50 to $5.00 in a report issued on Monday,Benzinga reports. The firm currently has an “underperform” rating on the stock. Mizuho’s target price points to a potential downside of 32.48% from the company’s previous close.

Other analysts have also issued research reports about the stock. The Goldman Sachs Group increased their price objective on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 price target on shares of Tronox in a report on Tuesday, January 27th. Truist Financial raised their price objective on shares of Tronox from $7.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. UBS Group raised their price target on shares of Tronox from $5.25 to $7.50 and gave the company a “neutral” rating in a research report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Tronox has an average rating of “Hold” and a consensus target price of $6.40.

Tronox Stock Performance

Tronox stock traded up $0.40 during trading hours on Monday, hitting $7.41. 1,284,460 shares of the stock traded hands, compared to its average volume of 4,050,690. The firm’s 50 day moving average price is $6.89 and its 200-day moving average price is $5.06. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of -2.50 and a beta of 1.11. Tronox has a 1 year low of $2.86 and a 1 year high of $8.80.

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

Insiders Place Their Bets

In related news, CEO John D. Romano sold 101,600 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.59, for a total transaction of $669,544.00. Following the completion of the sale, the chief executive officer owned 1,473,740 shares of the company’s stock, valued at approximately $9,711,946.60. This represents a 6.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jean Francois Turgeon sold 18,563 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $122,515.80. Following the completion of the sale, the director owned 754,009 shares of the company’s stock, valued at approximately $4,976,459.40. The trade was a 2.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 172,711 shares of company stock valued at $1,145,137. Corporate insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Tronox

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

Tronox Company Profile

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.