Tronox (NYSE:TROX) Coverage Initiated by Analysts at Truist Financial

Analysts at Truist Financial assumed coverage on shares of Tronox (NYSE:TROXGet 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 %

Shares of TROX opened at $10.29 on Tuesday. Tronox has a fifty-two week low of $8.73 and a fifty-two week high of $20.70. The company has a market capitalization of $1.62 billion, a PE ratio of -21.43 and a beta of 1.62. The stock has a fifty day moving average of $10.59 and a two-hundred day moving average of $12.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72.

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

(Get Free Report)

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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Analyst Recommendations for Tronox (NYSE:TROX)

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