Tronox Holdings PLC (NYSE:TROX) Stock Has Average Price Target of $5.83 According to Brokerages

Tronox Holdings PLC (NYSE:TROX) has earned a consensus rating of “Reduce” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $5.83.

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. lowered shares of Tronox from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $7.00 to $5.00 in a research report on Thursday, August 13th. UBS Group lowered their target price on shares of Tronox from $7.00 to $4.50 and set a “neutral” rating for the company in a research note on Monday, October 5th. The Goldman Sachs Group dropped their target price on shares of Tronox from $6.50 to $4.00 and set a “sell” rating on the stock in a research report on Friday. Weiss Ratings restated a “sell (d-)” rating on shares of Tronox in a research note on Friday, August 7th. Finally, Mizuho decreased their price target on shares of Tronox from $5.50 to $4.50 and set an “underperform” rating for the company in a report on Wednesday, September 30th.

Hedge Funds Weigh In On Tronox

Hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC acquired a new stake in shares of Tronox during the third quarter worth about $30,000. Abel Hall LLC purchased a new stake in Tronox in the first quarter valued at approximately $121,000. R Squared Ltd purchased a new stake in Tronox in the first quarter valued at approximately $155,000. Public Employees Retirement System of Ohio acquired a new position in Tronox in the 2nd quarter worth approximately $114,000. Finally, Marnell Management LLC acquired a new position in Tronox in the 4th quarter worth approximately $83,000. 73.36% of the stock is owned by institutional investors and hedge funds.

Tronox Trading Down 3.9%

Shares of NYSE:TROX opened at $3.49 on Friday. The business’s 50-day moving average is $4.89 and its 200 day moving average is $6.81. Tronox has a 1 year low of $2.86 and a 1 year high of $10.59. The firm has a market capitalization of $557.35 million, a P/E ratio of -1.01 and a beta of 0.92. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.55 and a quick ratio of 0.81.

Tronox (NYSE:TROX) last released its quarterly earnings results on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by ($0.13). The business had revenue of $868.00 million during the quarter, compared to analysts’ expectations of $832.59 million. Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. The company’s quarterly revenue was up 18.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.28) earnings per share. On average, research analysts predict that Tronox will post -1.37 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Monday, August 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, August 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.7%. Tronox’s payout ratio is -5.78%.

Tronox Company Profile

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment, a white pigment used to provide brightness, opacity and durability in products such as paints and coatings, plastics, paper and specialty materials. The company also produces titanium feedstocks, including titanium slag and synthetic rutile, as well as zircon and other mineral-sands products.

Tronox operates an integrated business that spans the mining and processing of mineral sands, the production of titanium feedstocks and the manufacture of titanium dioxide pigment.