Tronox Holdings plc (NYSE:TROX) Receives $18.33 Average PT from Analysts

Tronox Holdings plc (NYSE:TROX) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $18.17.

A number of research firms have weighed in on TROX. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. The Goldman Sachs Group lowered their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. Mizuho started coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price target on the stock. UBS Group lowered their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Barclays cut their target price on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Tronox during the second quarter valued at approximately $76,000. Headlands Technologies LLC acquired a new stake in Tronox in the 2nd quarter valued at $83,000. SG Americas Securities LLC acquired a new stake in Tronox in the 1st quarter valued at $124,000. nVerses Capital LLC bought a new stake in Tronox during the 2nd quarter valued at $121,000. Finally, TFO Wealth Partners LLC raised its holdings in Tronox by 260,833.3% during 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 owned by institutional investors and hedge funds.

Tronox Stock Performance

Shares of NYSE:TROX opened at $14.59 on Friday. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70. The firm’s fifty day moving average is $13.70 and its 200-day moving average is $16.31.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The company had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 earnings per share. Research analysts forecast that Tronox will post 0.44 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, August 26th will be paid a $0.125 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.43%. Tronox’s dividend payout ratio is presently -22.42%.

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.