Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Hold” by Brokerages

Tronox Holdings plc (NYSE:TROXGet Free Report) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $18.00.

A number of research firms recently commented on TROX. BMO Capital Markets upped their price objective on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Mizuho initiated coverage on shares of Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 price target on the stock. The Goldman Sachs Group lifted their price objective on shares of Tronox from $17.00 to $22.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Barclays upped their target price on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, cut shares of Tronox from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th.

Get Our Latest Report on TROX

Hedge Funds Weigh In On Tronox

Large investors have recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC bought a new position in shares of Tronox during the 3rd quarter worth approximately $25,000. GAMMA Investing LLC acquired a new position in Tronox during the fourth quarter worth $27,000. DekaBank Deutsche Girozentrale bought a new position in Tronox in the third quarter valued at $50,000. TFO Wealth Partners LLC increased its stake in Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after buying an additional 7,825 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in Tronox during the 1st quarter worth about $124,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Down 1.6 %

Shares of NYSE:TROX opened at $18.81 on Wednesday. The company has a debt-to-equity ratio of 1.44, a current ratio of 3.12 and a quick ratio of 1.09. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of -8.43, a P/E/G ratio of 22.10 and a beta of 1.83. The company has a 50 day moving average of $18.54 and a 200-day moving average of $15.95. Tronox has a one year low of $10.08 and a one year high of $20.70.

Tronox (NYSE:TROXGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $774.00 million during the quarter, compared to the consensus estimate of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. Tronox’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.15 earnings per share. On average, sell-side analysts forecast that Tronox will post 0.71 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, May 20th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.66%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s dividend payout ratio is -22.42%.

About Tronox

(Get Free Report

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.

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Analyst Recommendations for Tronox (NYSE:TROX)

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