Tronox Holdings PLC (NYSE:TROX) Stock Has Consensus Target Price of $5.33 According to Analysts

Tronox Holdings PLC (NYSE:TROX) has been given a consensus recommendation of “Reduce” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $5.33.

A number of equities analysts have weighed in on the company. Mizuho lowered their price objective on Tronox from $5.50 to $4.50 and set an “underperform” rating on the stock in a research note on Wednesday, September 30th. UBS Group reduced their price objective on Tronox from $7.00 to $4.50 and set a “neutral” rating for the company in a research report on Monday, October 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Tronox in a research report on Wednesday. The Goldman Sachs Group cut their price target on Tronox from $6.50 to $4.00 and set a “sell” rating for the company in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. downgraded Tronox from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $7.00 to $5.00 in a report on Thursday, August 13th.

Tronox Trading Down 4.8%

NYSE TROX opened at $2.48 on Wednesday. The firm has a market cap of $396.85 million, a P/E ratio of -0.78 and a beta of 0.98. The company has a debt-to-equity ratio of 2.62, a current ratio of 2.55 and a quick ratio of 0.81. The stock’s 50-day moving average is $3.96 and its 200-day moving average is $6.55. Tronox has a one year low of $2.41 and a one year high of $10.59.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, November 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.13). The company had revenue of $827.00 million during the quarter, compared to analysts’ expectations of $854.43 million. Tronox had a negative return on equity of 24.34% and a negative net margin of 17.96%. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period last year, the company earned ($0.46) earnings per share. Sell-side analysts anticipate that Tronox will post -1.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 8.0%. Tronox’s dividend payout ratio (DPR) is presently -6.31%.

Institutional Trading of Tronox

Institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC acquired a new stake in shares of Tronox during the third quarter valued at about $30,000. Vontobel Holding Ltd. acquired a new stake in Tronox in the 3rd quarter worth $43,000. Vise Technologies Inc. raised its holdings in shares of Tronox by 33.0% in the 3rd quarter. Vise Technologies Inc. now owns 19,981 shares of the company’s stock worth $79,000 after buying an additional 4,958 shares in the last quarter. Inscription Capital LLC increased its stake in shares of Tronox by 98.8% in the 3rd quarter. Inscription Capital LLC now owns 20,317 shares of the company’s stock valued at $80,000 after buying an additional 10,098 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in Tronox in the second quarter valued at about $114,000. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

About Tronox

Tronox Holdings plc (NYSE:TROX) is a global producer of titanium dioxide pigment and other titanium products. Its titanium dioxide is used to provide whiteness, brightness and opacity in paints and coatings, plastics, paper, inks and related applications. The company also produces zircon and other mineral sands products used in ceramics, refractories, foundries and industrial applications.

Tronox operates an integrated business that includes the mining of mineral sands, production of titanium-bearing feedstocks, and manufacture of titanium dioxide pigment and specialty products.