Tronox Holdings PLC (NYSE:TROX) Receives Average Rating of “Hold” from Analysts

Tronox Holdings PLC (NYSE:TROX) has received a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.0250.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Truist Financial raised their price target on Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research note on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday, January 27th. UBS Group increased their price objective on Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Mizuho boosted their target price on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Primecap Management Co. CA raised 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 purchasing an additional 2,797,002 shares during the period. SG Americas Securities LLC raised its holdings in shares of Tronox by 244.6% during the 2nd quarter. SG Americas Securities LLC now owns 147,058 shares of the company’s stock valued at $746,000 after buying an additional 104,381 shares during the period. Franklin Resources Inc. lifted its position in Tronox by 1,712.8% during the 2nd quarter. Franklin Resources Inc. now owns 848,422 shares of the company’s stock worth $4,302,000 after acquiring an additional 801,620 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in Tronox in the 2nd quarter worth approximately $395,000. Finally, Inspire Advisors LLC grew its position in Tronox by 20.2% in the third quarter. Inspire Advisors LLC now owns 552,791 shares of the company’s stock valued at $2,222,000 after acquiring an additional 93,012 shares in the last quarter. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Up 8.0%

NYSE TROX opened at $7.46 on Monday. The business’s fifty day simple moving average is $5.16 and its 200-day simple moving average is $4.39. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. The firm has a market cap of $1.18 billion, a PE ratio of -3.64 and a beta of 1.18. Tronox has a 52 week low of $2.86 and a 52 week high of $10.24.

Tronox (NYSE:TROX) last announced its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The firm had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $776.21 million. Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The firm’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.13) EPS. As a group, equities analysts anticipate that Tronox will post 0.49 earnings per share for the current year.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, 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 TiO?, 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.