Tronox Holdings plc (NYSE:TROX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have earned an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $18.33.

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Barclays decreased their price target on shares of Tronox from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. UBS Group cut their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. Finally, Mizuho began coverage on Tronox in a research report on Friday, June 7th. They issued a “neutral” rating and a $22.00 target price on the stock.

Hedge Funds Weigh In On Tronox

Several large investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. purchased a new position in Tronox during the second quarter worth $76,000. Headlands Technologies LLC bought a new position in Tronox during the 2nd quarter valued at about $83,000. TFO Wealth Partners LLC grew its holdings in Tronox by 260,833.3% during the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock valued at $111,000 after purchasing an additional 7,825 shares during the last quarter. nVerses Capital LLC purchased a new stake in Tronox in the 2nd quarter worth about $121,000. Finally, SG Americas Securities LLC bought a new stake in Tronox in the first quarter worth about $124,000. Institutional investors own 73.36% of the company’s stock.

Tronox Trading Up 6.4 %

Shares of TROX stock opened at $12.96 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. The stock has a fifty day simple moving average of $14.09 and a two-hundred day simple moving average of $16.41. The firm has a market capitalization of $2.05 billion, a PE ratio of -5.81, a PEG ratio of 22.26 and a beta of 1.64. Tronox has a 52-week low of $10.08 and a 52-week high of $20.70.

Tronox (NYSE:TROX) last released its earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The business had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts predict that Tronox will post 0.44 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, August 26th will be given a $0.125 dividend. The ex-dividend date is Monday, August 26th. This represents a $0.50 annualized dividend and a yield of 3.86%. Tronox’s dividend payout ratio is currently -22.42%.

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.