Brokerages Set Tronox Holdings plc (NYSE:TROX) PT at $18.00

Shares of Tronox Holdings plc (NYSE:TROX) have earned an average rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $18.00.

TROX has been the topic of a number of analyst reports. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $19.00 in a research report on Thursday, October 10th. The Goldman Sachs Group reduced their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Thursday, September 19th. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, BMO Capital Markets reduced their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Tronox

Several institutional investors and hedge funds have recently modified their holdings of TROX. Public Employees Retirement System of Ohio acquired a new position in Tronox during the 3rd quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Tronox during the 2nd quarter worth $76,000. Headlands Technologies LLC acquired a new position in Tronox during the 2nd quarter worth $83,000. nVerses Capital LLC acquired a new position in Tronox during the 2nd quarter worth $121,000. Finally, Entropy Technologies LP acquired a new position in Tronox during the 3rd quarter worth $190,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of Tronox stock opened at $11.62 on Wednesday. Tronox has a one year low of $10.69 and a one year high of $20.70. The company has a market cap of $1.84 billion, a price-to-earnings ratio of -24.21 and a beta of 1.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The business’s 50 day moving average price is $12.74 and its 200 day moving average price is $14.65.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). Tronox had a negative return on equity of 3.91% and a negative net margin of 2.40%. The company had revenue of $804.00 million for the quarter, compared to analysts’ expectations of $790.63 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, research analysts predict that Tronox will post -0.04 EPS for the current year.

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Monday, November 11th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a dividend yield of 4.30%. Tronox’s dividend payout ratio is presently -104.16%.

Tronox Company Profile

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.