Brokerages Set Tronox Holdings PLC (NYSE:TROX) Target Price at $4.98

Shares of Tronox Holdings PLC (NYSE:TROX) have been assigned an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $5.18.

TROX has been the topic of a number of research reports. Truist Financial lowered their price objective on Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. The Goldman Sachs Group lifted their price target on shares of Tronox from $4.25 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday. Alembic Global Advisors restated an “overweight” rating and issued a $6.00 price objective on shares of Tronox in a research note on Monday, September 15th. UBS Group decreased their target price on shares of Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Finally, Mizuho upped their target price on shares of Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research note on Wednesday, December 10th.

Tronox Stock Down 0.6%

Shares of TROX opened at $4.41 on Friday. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. The company has a 50-day simple moving average of $3.70 and a 200-day simple moving average of $4.40. Tronox has a 52 week low of $2.86 and a 52 week high of $10.83. The firm has a market capitalization of $698.41 million, a P/E ratio of -2.15 and a beta of 1.19.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The firm had revenue of $699.00 million for the quarter, compared to the consensus estimate of $776.21 million. Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The company’s revenue was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. On average, equities research analysts expect that Tronox will post 0.49 earnings per share for the current year.

Tronox Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, November 10th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, November 10th. Tronox’s dividend payout ratio is currently -9.76%.

Institutional Trading of Tronox

Institutional investors have recently bought and sold shares of the stock. Primecap Management Co. CA grew its position in Tronox by 192.2% in the second quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock valued at $21,560,000 after acquiring an additional 2,797,002 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Tronox by 1,712.8% during the second quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock valued at $4,302,000 after acquiring an additional 801,620 shares during the period. SG Americas Securities LLC boosted its stake in shares of Tronox by 244.6% in the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after purchasing an additional 104,381 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Tronox in the 2nd quarter worth about $395,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Tronox by 15.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,832,510 shares of the company’s stock worth $19,941,000 after purchasing an additional 375,643 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.