Tronox Holdings plc (NYSE:TROX) Given Average Recommendation of “Hold” by Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have received a consensus rating of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.86.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital World Investors purchased a new stake in Tronox during the first quarter valued at about $19,152,000. Franklin Resources Inc. boosted its stake in shares of Tronox by 16.5% during the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after purchasing an additional 876,192 shares in the last quarter. Boston Partners boosted its position in shares of Tronox by 160.2% during the first quarter. Boston Partners now owns 1,018,025 shares of the company’s stock valued at $17,664,000 after purchasing an additional 626,744 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Tronox by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 9,248,364 shares of the company’s stock worth $130,960,000 after acquiring an additional 597,663 shares in the last quarter. Finally, Norges Bank bought a new position in Tronox during the 4th quarter valued at approximately $7,760,000. 73.36% of the stock is currently owned by institutional investors.

Tronox Stock Down 4.9 %

Shares of TROX opened at $12.66 on Thursday. The firm has a market cap of $2.00 billion, a P/E ratio of -5.68, a price-to-earnings-growth ratio of 17.49 and a beta of 1.70. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.09 and a current ratio of 3.12. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70. The firm’s 50-day simple moving average is $17.29 and its 200 day simple moving average is $16.64.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm had revenue of $820.00 million for the quarter, compared to analyst estimates of $848.04 million. Tronox had a negative net margin of 2.14% and a negative return on equity of 3.38%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.16 earnings per share. On average, analysts forecast that Tronox will post 0.62 earnings per share for the current year.

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.