BWS Financial lowered shares of Tronox (NASDAQ: TROX) from a buy rating to a hold rating in a report released on Monday. BWS Financial currently has $20.00 target price on the stock, down from their previous target price of $24.00.

“There have been many rumors of TROX looking to do one large acquisition. We do not believe such consolidation would be of great benefit to shareholders, and there remains the risk of TiO2 prices not rising this year. … We fear any large acquisition would put TROX in a disadvantageous position. Without TiO2 prices roaring back TROX would end up with a levered balance sheet and could end up not having a natural hedge against feedstock price volatility.,” the firm’s analyst commented.

Tronox opened at 20.81 on Monday. Tronox has a 52-week low of $14.12 and a 52-week high of $175.00. The stock’s 50-day moving average is currently $19.77.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, March 20th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend is Monday, March 4th.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of Tronox from a neutral rating to an underperform rating in a research note to investors on Wednesday, February 27th. They now have a $18.60 price target on the stock. Separately, analysts at initiated coverage on shares of Tronox in a research note to investors on Thursday, January 17th. They set a buy rating and a $30.50 price target on the stock. Finally, analysts at B. Riley initiated coverage on shares of Tronox in a research note to investors on Thursday, January 17th. They set a buy rating on the stock.

Two investment analysts have rated the stock with a buy rating, one has assigned an overweight rating, and one has given a hold rating to the stock. The stock has an average rating of overweight and a consensus target price of $25.88.

Tronox Incorporated (Tronox) is a global producer and marketer of titanium dioxide pigment (TiO2), a white pigment used in a range of products.

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