The Goldman Sachs Group Boosts Tronox (NYSE:TROX) Price Target to $22.00

Tronox (NYSE:TROX) had its price objective upped by stock analysts at The Goldman Sachs Group from $17.00 to $22.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target points to a potential upside of 18.03% from the stock’s previous close.

A number of other research firms have also weighed in on TROX. BMO Capital Markets raised their price target on shares of Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday. StockNews.com lowered Tronox from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, UBS Group lifted their price target on shares of Tronox from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $16.29.

Tronox Trading Down 1.1 %

Shares of TROX traded down $0.20 during trading hours on Monday, hitting $18.64. The stock had a trading volume of 271,735 shares, compared to its average volume of 1,172,234. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. The firm has a market cap of $2.92 billion, a P/E ratio of -8.39, a P/E/G ratio of 25.36 and a beta of 1.91. The company’s fifty day simple moving average is $16.59 and its 200 day simple moving average is $14.22. Tronox has a 12-month low of $10.08 and a 12-month high of $19.75.

Tronox (NYSE:TROX) last posted its earnings results on Wednesday, May 1st. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Tronox had a negative return on equity of 2.74% and a negative net margin of 11.93%. The firm had revenue of $774.00 million during the quarter, compared to analyst estimates of $753.98 million. During the same quarter last year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. Equities research analysts forecast that Tronox will post 0.6 EPS for the current fiscal year.

Institutional Trading of Tronox

Large investors have recently modified their holdings of the business. Millburn Ridgefield Corp bought a new stake in Tronox during the third quarter worth approximately $25,000. Catalyst Capital Advisors LLC bought a new stake in shares of Tronox during the 3rd quarter valued at $25,000. GAMMA Investing LLC bought a new stake in shares of Tronox during the 4th quarter valued at $27,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Tronox during the 3rd quarter valued at about $50,000. Finally, TFO Wealth Partners LLC increased its position in Tronox by 260,833.3% in the fourth quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after buying an additional 7,825 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors and hedge funds.

About Tronox

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.