Tronox Holdings plc (NYSE:TROX) Given Average Rating of “Moderate Buy” by Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have earned a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $16.50.

Several research analysts have recently weighed in on TROX shares. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. BMO Capital Markets decreased their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group cut their target price on shares of Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Morgan Stanley lowered their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, UBS Group raised Tronox from a “neutral” rating to a “buy” rating and increased their target price for the company from $17.00 to $19.00 in a report on Thursday, October 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after buying an additional 1,683 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Tronox by 5.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,701 shares of the company’s stock worth $717,000 after acquiring an additional 2,180 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Tronox by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock valued at $399,000 after acquiring an additional 2,488 shares in the last quarter. KBC Group NV boosted its stake in shares of Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after acquiring an additional 2,590 shares during the last quarter. Finally, nVerses Capital LLC increased its position 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 purchasing an additional 2,700 shares in the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Price Performance

Shares of TROX opened at $9.95 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The company’s fifty day moving average price is $10.69 and its 200-day moving average price is $12.71. Tronox has a 1-year low of $8.73 and a 1-year high of $20.70. The firm has a market capitalization of $1.57 billion, a PE ratio of -20.73 and a beta of 1.62.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.30). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. The company had revenue of $804.00 million during the quarter, compared to analyst estimates of $790.63 million. During the same period last year, the firm earned ($0.08) EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, equities research analysts predict that Tronox will post -0.04 EPS for the current year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were given a dividend of $0.125 per share. The ex-dividend date was Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 5.02%. Tronox’s payout ratio is currently -104.16%.

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.