Tronox Holdings plc (NYSE:TROX) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $18.00.

A number of research analysts have recently commented on TROX shares. BMO Capital Markets decreased their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Barclays lowered their price target on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. The Goldman Sachs Group cut their price objective on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Thursday, September 19th. Finally, UBS Group raised Tronox from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th.

Institutional Investors Weigh In On Tronox

A number of institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Tronox by 4.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after purchasing an additional 4,204 shares during the period. BDF Gestion acquired a new position in Tronox in the 2nd quarter valued at $1,273,000. Wealth Enhancement Advisory Services LLC raised its holdings in Tronox by 4.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock valued at $393,000 after acquiring an additional 1,014 shares in the last quarter. Raymond James & Associates bought a new stake in shares of Tronox during the 2nd quarter valued at $1,360,000. Finally, Van Lanschot Kempen Investment Management N.V. grew its holdings in shares of Tronox by 2.9% during the 2nd quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock worth $38,072,000 after purchasing an additional 68,155 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Down 0.4 %

Shares of NYSE:TROX opened at $11.62 on Wednesday. The company’s 50-day moving average price is $12.74 and its two-hundred day moving average price is $14.59. Tronox has a one year low of $10.69 and a one year high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The stock has a market capitalization of $1.84 billion, a PE ratio of -24.21 and a beta of 1.59.

Tronox (NYSE:TROX) last released its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $790.63 million. Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The business’s revenue was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.08) EPS. On average, equities analysts forecast that Tronox will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.30%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

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.