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

Tronox Holdings plc (NYSE:TROXGet Free Report) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of research analysts have commented on TROX shares. BMO Capital Markets upped their price target on Tronox from $19.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, May 3rd. StockNews.com cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Tuesday, June 11th. Mizuho initiated coverage on shares of Tronox in a research report on Friday, June 7th. They set a “neutral” rating and a $22.00 price objective on the stock. Barclays lifted their target price on shares of Tronox from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Tronox from $17.00 to $22.00 and gave the company a “buy” rating in a research report on Monday, May 6th.

Get Our Latest Analysis on Tronox

Hedge Funds Weigh In On Tronox

A number of institutional investors and hedge funds have recently made changes to their positions in TROX. Boston Partners grew its stake in shares of Tronox by 160.2% in the first quarter. Boston Partners now owns 1,018,025 shares of the company’s stock worth $17,664,000 after acquiring an additional 626,744 shares during the last quarter. Bridgeway Capital Management LLC grew its position in Tronox by 3.7% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,280,255 shares of the company’s stock valued at $22,212,000 after purchasing an additional 45,992 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Tronox by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock valued at $1,548,000 after purchasing an additional 4,204 shares in the last quarter. Capital World Investors purchased a new position in Tronox in the first quarter worth about $19,152,000. Finally, Capital International Investors lifted its stake in shares of Tronox by 2.7% in the first quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock worth $82,536,000 after buying an additional 126,926 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Down 2.7 %

Shares of NYSE TROX opened at $19.38 on Wednesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of -8.69, a PEG ratio of 22.10 and a beta of 1.83. The company has a quick ratio of 1.09, a current ratio of 3.12 and a debt-to-equity ratio of 1.44. The firm’s fifty day moving average is $18.46 and its 200 day moving average is $15.87. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70.

Tronox (NYSE:TROXGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The firm had revenue of $774.00 million during the quarter, compared to analysts’ expectations of $753.98 million. Tronox had a negative net margin of 11.93% and a negative return on equity of 2.74%. Tronox’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 EPS. On average, equities research analysts expect that Tronox will post 0.71 earnings per share for the current year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Monday, May 20th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Friday, May 17th. Tronox’s payout ratio is currently -22.42%.

Tronox Company Profile

(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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