Analysts Set Tronox Holdings plc (NYSE:TROX) Target Price at $13.50

Shares of Tronox Holdings plc (NYSE:TROX) have earned a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $13.50.

A number of research firms have weighed in on TROX. Mizuho reduced their price objective on shares of Tronox from $11.00 to $9.00 and set a “neutral” rating for the company in a research note on Thursday. Truist Financial reduced their price target on shares of Tronox from $17.00 to $14.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. The Goldman Sachs Group reduced their price target on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, February 26th. UBS Group reduced their price target on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Finally, Morgan Stanley reduced their price target on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th.

Institutional Trading of Tronox

Several large investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Tronox by 16.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 325,111 shares of the company’s stock valued at $3,274,000 after buying an additional 46,230 shares during the period. Voloridge Investment Management LLC grew its position in Tronox by 34.6% during the fourth quarter. Voloridge Investment Management LLC now owns 510,886 shares of the company’s stock valued at $5,145,000 after buying an additional 131,196 shares during the period. Squarepoint Ops LLC grew its position in Tronox by 54.3% during the fourth quarter. Squarepoint Ops LLC now owns 247,065 shares of the company’s stock valued at $2,488,000 after buying an additional 86,900 shares during the period. Two Sigma Advisers LP grew its position in Tronox by 802.0% during the fourth quarter. Two Sigma Advisers LP now owns 176,800 shares of the company’s stock valued at $1,780,000 after buying an additional 157,200 shares during the period. Finally, Two Sigma Investments LP lifted its holdings in Tronox by 253.5% during the fourth quarter. Two Sigma Investments LP now owns 512,739 shares of the company’s stock valued at $5,163,000 after purchasing an additional 367,675 shares in the last quarter. 73.36% of the stock is currently owned by institutional investors.

Tronox Stock Up 3.9 %

NYSE:TROX opened at $7.09 on Friday. The firm has a market cap of $1.12 billion, a P/E ratio of -22.85 and a beta of 1.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. Tronox has a fifty-two week low of $6.64 and a fifty-two week high of $20.70. The firm has a 50-day simple moving average of $8.88 and a two-hundred day simple moving average of $11.07.

Tronox (NYSE:TROX) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 1.56% and a negative return on equity of 0.63%. Analysts predict that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be given a dividend of $0.125 per share. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a yield of 7.06%. Tronox’s dividend payout ratio (DPR) is -161.29%.

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.