Tronox Holdings plc (NYSE:TROX) Receives $17.43 Average PT from Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.43.

Several equities research analysts have issued reports on the company. Barclays lifted their price objective on Tronox from $17.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, May 15th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. The Goldman Sachs Group boosted their price objective on Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, BMO Capital Markets boosted their price target on Tronox from $19.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, May 3rd.

Institutional Trading of Tronox

A number of institutional investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in Tronox by 7.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock worth $27,627,000 after acquiring an additional 127,718 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in shares of Tronox by 42.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,210,243 shares of the company’s stock valued at $16,266,000 after purchasing an additional 361,727 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Tronox by 2.5% in the third quarter. Deutsche Bank AG now owns 132,869 shares of the company’s stock valued at $1,786,000 after buying an additional 3,238 shares during the period. American Century Companies Inc. lifted its stake in Tronox by 10.1% during the third quarter. American Century Companies Inc. now owns 1,851,361 shares of the company’s stock worth $24,882,000 after purchasing an additional 169,544 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. lifted its stake in Tronox by 32.8% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 986,860 shares of the company’s stock worth $13,974,000 after purchasing an additional 243,475 shares during the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Price Performance

TROX stock opened at $19.00 on Friday. The company has a quick ratio of 1.09, a current ratio of 3.12 and a debt-to-equity ratio of 1.44. Tronox has a 52-week low of $10.08 and a 52-week high of $19.75. The stock’s 50 day moving average is $17.69 and its two-hundred day moving average is $15.04. The company has a market capitalization of $3.00 billion, a PE ratio of -8.52, a P/E/G ratio of 21.13 and a beta of 1.91.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) 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 business had revenue of $774.00 million for the quarter, compared to analysts’ expectations of $753.98 million. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Tronox’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Tronox will post 0.71 earnings per share for the current fiscal year.

Tronox Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. Tronox’s dividend payout ratio (DPR) is presently -22.42%.

Tronox Company Profile

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.