Brokerages Set Tronox Holdings PLC (NYSE:TROX) Price Target at $7.14

Shares of Tronox Holdings PLC (NYSE:TROX) have been given an average recommendation of “Reduce” by the eleven research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.1429.

A number of equities analysts recently commented on TROX shares. Truist Financial upgraded Tronox from a “sell” rating to a “hold” rating and set a $7.00 price target for the company in a research note on Thursday, June 11th. Deutsche Bank Aktiengesellschaft set a $10.00 target price on Tronox in a report on Wednesday, May 20th. The Goldman Sachs Group lowered Tronox from a “buy” rating to a “sell” rating and set a $9.00 target price for the company. in a research report on Tuesday, May 12th. Mizuho boosted their price target on Tronox from $4.50 to $5.00 and gave the company an “underperform” rating in a report on Monday, March 23rd. Finally, UBS Group upped their price target on Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th.

Tronox Trading Down 1.7%

TROX opened at $6.01 on Thursday. Tronox has a 12-month low of $2.86 and a 12-month high of $10.59. The company has a debt-to-equity ratio of 2.36, a current ratio of 2.42 and a quick ratio of 0.66. The stock has a market capitalization of $959.51 million, a PE ratio of -2.06 and a beta of 0.80. The firm’s fifty day moving average price is $7.76 and its 200 day moving average price is $7.36.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.48) by ($0.07). The company had revenue of $760.00 million for the quarter, compared to analyst estimates of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.Tronox’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) earnings per share. As a group, research analysts expect that Tronox will post -1.19 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, May 11th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, May 11th. Tronox’s dividend payout ratio is -6.85%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TROX. Osaic Holdings Inc. grew its position in shares of Tronox by 2.5% during the 4th quarter. Osaic Holdings Inc. now owns 60,004 shares of the company’s stock valued at $250,000 after buying an additional 1,480 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of Tronox by 27.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 11,576 shares of the company’s stock valued at $48,000 after purchasing an additional 2,496 shares during the last quarter. Pilgrim Partners Asia Pte Ltd grew its holdings in shares of Tronox by 18.1% during the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 19,600 shares of the company’s stock valued at $82,000 after purchasing an additional 3,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Tronox by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after purchasing an additional 3,042 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Tronox by 0.6% during the 1st quarter. Bank of New York Mellon Corp now owns 500,461 shares of the company’s stock worth $4,890,000 after purchasing an additional 3,225 shares during the period. 73.36% of the stock is currently owned by institutional investors.

Tronox Company Profile

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO?) pigment and specialty materials. The company’s operations encompass the full supply chain for TiO?, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO?, Tronox’s product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.