Tronox (NYSE:TROX) Price Target Cut to $14.00 by Analysts at Truist Financial

Tronox (NYSE:TROX) had its price target trimmed by Truist Financial from $17.00 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

TROX has been the topic of several other research reports. Barclays dropped their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, October 28th. BMO Capital Markets decreased their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. The Goldman Sachs Group reduced their price objective on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley decreased their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, UBS Group lowered their price objective on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.57.

Tronox Trading Up 0.4 %

NYSE TROX opened at $8.10 on Tuesday. Tronox has a 52 week low of $7.72 and a 52 week high of $20.70. The company has a current ratio of 2.72, a quick ratio of 0.90 and a debt-to-equity ratio of 1.42. The stock has a market cap of $1.28 billion, a P/E ratio of -26.12 and a beta of 1.60. The company’s fifty day simple moving average is $9.78 and its 200-day simple moving average is $11.79.

Tronox (NYSE:TROX) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.62% and a negative net margin of 1.56%. Equities research analysts predict that Tronox will post 0.76 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a yield of 6.18%. Tronox’s payout ratio is -161.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TROX. Jade Capital Advisors LLC raised its holdings in shares of Tronox by 149.8% during the third quarter. Jade Capital Advisors LLC now owns 141,744 shares of the company’s stock worth $2,074,000 after acquiring an additional 85,000 shares during the period. Mount Yale Investment Advisors LLC bought a new position in Tronox during the 3rd quarter worth about $283,000. Semanteon Capital Management LP raised its stake in shares of Tronox by 16.9% in the 3rd quarter. Semanteon Capital Management LP now owns 86,479 shares of the company’s stock valued at $1,265,000 after purchasing an additional 12,505 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Tronox by 35.1% in the third quarter. Harbor Capital Advisors Inc. now owns 64,417 shares of the company’s stock valued at $942,000 after purchasing an additional 16,752 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in Tronox by 15.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,065,710 shares of the company’s stock valued at $14,302,000 after buying an additional 139,795 shares during the last quarter. 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.