Analysts at Truist Financial assumed coverage on shares of Tronox (NYSE:TROX – Get Free Report) in a research note issued to investors on Tuesday, Marketbeat reports. The firm set a “buy” rating and a $17.00 price target on the stock. Truist Financial’s price target would suggest a potential upside of 65.29% from the company’s previous close.
TROX has been the topic of several other reports. The Goldman Sachs Group reduced their target price on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. BMO Capital Markets decreased their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays dropped 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. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.57.
Check Out Our Latest Stock Analysis on TROX
Tronox Trading Up 0.3 %
Hedge Funds Weigh In On Tronox
Several hedge funds and other institutional investors have recently made changes to their positions in TROX. Public Employees Retirement System of Ohio acquired a new stake in Tronox in the third quarter valued at approximately $66,000. KBC Group NV boosted its stake in shares of Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after purchasing an additional 2,590 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tronox during the 2nd quarter valued at $76,000. nVerses Capital LLC increased its stake in Tronox by 35.1% during the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock worth $152,000 after buying an additional 2,700 shares during the period. Finally, Entropy Technologies LP acquired a new position in Tronox in the 3rd quarter worth $190,000. Institutional investors and hedge funds own 73.36% of the company’s stock.
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.
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