Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Tronox Holdings plc (NYSE:TROX) have been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $18.00.

Several research firms have recently weighed in on TROX. Barclays cut their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a report 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 for the company in a research report on Tuesday, October 29th. UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group dropped their price objective on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th.

Tronox Stock Performance

TROX opened at $11.81 on Friday. The firm has a 50 day moving average of $13.16 and a two-hundred day moving average of $15.60. The firm has a market capitalization of $1.87 billion, a PE ratio of -24.60 and a beta of 1.66. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. Tronox has a 12-month low of $10.77 and a 12-month high of $20.70.

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

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 annualized dividend and a yield of 4.23%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Tronox in the 2nd quarter valued at about $76,000. Headlands Technologies LLC acquired a new stake in shares of Tronox in the second quarter valued at approximately $83,000. nVerses Capital LLC purchased a new position in Tronox during the second quarter worth approximately $121,000. SG Americas Securities LLC acquired a new position in Tronox during the first quarter worth $124,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after buying an additional 861 shares during the last quarter. 73.36% of the stock is owned by institutional investors and hedge funds.

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.