Analysts Set Tronox Holdings PLC (NYSE:TROX) Price Target at $6.93

Tronox Holdings PLC (NYSE:TROX) has received a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $6.9286.

A number of brokerages have recently issued reports on TROX. Weiss Ratings reiterated a “sell (d-)” rating on shares of Tronox in a research report on Friday, August 7th. The Goldman Sachs Group lowered their price target on shares of Tronox from $9.00 to $6.50 and set a “sell” rating for the company in a research note on Wednesday, July 22nd. Wall Street Zen lowered Tronox from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on shares of Tronox in a report on Wednesday, May 20th. Finally, JPMorgan Chase & Co. cut shares of Tronox from a “neutral” rating to an “underweight” rating and cut their price target for the company from $7.00 to $5.00 in a report on Thursday, August 13th.

Institutional Investors Weigh In On Tronox

Several hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC bought a new stake in shares of Tronox in the 2nd quarter worth approximately $38,000. PNC Financial Services Group Inc. boosted its holdings in shares of Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after acquiring an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Tronox in the third quarter worth approximately $37,000. Aigen Investment Management LP purchased a new position in shares of Tronox in the 4th quarter worth $43,000. Finally, Ballentine Partners LLC purchased a new position in Tronox in the fourth quarter worth about $47,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of TROX opened at $5.51 on Friday. The stock’s 50-day simple moving average is $6.24 and its 200 day simple moving average is $7.51. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.81 and a current ratio of 2.55. Tronox has a 52-week low of $2.86 and a 52-week high of $10.59. The stock has a market capitalization of $880.59 million, a price-to-earnings ratio of -1.59 and a beta of 0.82.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($0.51) EPS for the quarter, missing the consensus estimate of ($0.38) by ($0.13). The firm had revenue of $868.00 million for the quarter, compared to analysts’ expectations of $832.59 million. Tronox had a negative net margin of 17.96% and a negative return on equity of 24.34%. Tronox’s revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.28) EPS. Research analysts forecast that Tronox will post -1.37 EPS for the current fiscal year.

Tronox Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 9th. Investors of record on Monday, August 10th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, August 10th. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. Tronox’s payout ratio is currently -5.78%.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.