Tronox Holdings plc (NYSE:TROX) Receives $18.00 Average PT from Brokerages

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

A number of equities analysts have weighed in on TROX shares. BMO Capital Markets reduced their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Barclays reduced their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group lowered their price objective on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th. Finally, UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th.

Institutional Trading of Tronox

A number of hedge funds have recently bought and sold shares of TROX. Public Employees Retirement System of Ohio acquired a new stake in shares of Tronox in the 3rd quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tronox in the second quarter valued at about $76,000. Headlands Technologies LLC acquired a new stake in Tronox during the second quarter worth about $83,000. nVerses Capital LLC purchased a new position in Tronox during the second quarter worth about $121,000. Finally, Entropy Technologies LP acquired a new position in Tronox in the 3rd quarter valued at about $190,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Price Performance

Shares of Tronox stock opened at $10.07 on Friday. The firm has a market cap of $1.59 billion, a PE ratio of -20.98 and a beta of 1.59. Tronox has a twelve month low of $9.87 and a twelve month high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42. The business has a 50-day moving average price of $11.49 and a 200 day moving average price of $13.51.

Tronox (NYSE:TROX) last posted 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 net margin of 2.40% and a negative return on equity of 3.91%. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $790.63 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. Sell-side analysts predict that Tronox will post -0.04 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Monday, November 11th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a yield of 4.97%. Tronox’s payout ratio is presently -104.17%.

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.