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

Tronox Holdings plc (NYSE:TROX) has earned an average rating of “Moderate Buy” from the seven brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $16.00.

A number of equities analysts recently commented on the stock. Truist Financial assumed coverage on shares of Tronox in a research note on Tuesday, January 28th. They issued a “buy” rating and a $17.00 price objective for the company. Barclays decreased their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th. The Goldman Sachs Group decreased their price objective 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. UBS Group decreased their price objective on shares of Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday. Finally, BMO Capital Markets cut their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th.

Tronox Trading Down 10.8 %

Shares of NYSE:TROX opened at $7.81 on Monday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -16.26 and a beta of 1.60. Tronox has a 1-year low of $7.72 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The company has a 50 day moving average price of $10.04 and a 200 day moving average price of $11.94.

Tronox (NYSE:TROX) last issued its earnings results 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 return on equity of 3.91% and a negative net margin of 2.40%. On average, research analysts anticipate that Tronox will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Tronox

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP raised its holdings in shares of Tronox by 98.6% during the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock valued at $2,559,000 after purchasing an additional 86,852 shares in the last quarter. Royce & Associates LP grew its position in Tronox by 20.8% in the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock worth $7,221,000 after purchasing an additional 84,830 shares during the last quarter. Geode Capital Management LLC grew its position in Tronox by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after purchasing an additional 22,165 shares during the last quarter. Victory Capital Management Inc. grew its position in Tronox by 54.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after purchasing an additional 543,091 shares during the last quarter. Finally, Atom Investors LP grew its position in Tronox by 72.9% in the 3rd quarter. Atom Investors LP now owns 125,790 shares of the company’s stock worth $1,840,000 after purchasing an additional 53,034 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.