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

Tronox Holdings plc (NYSE:TROX) has received an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $17.83.

A number of equities research analysts have weighed in on the company. Barclays reduced their price objective on Tronox from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday, September 25th. The Goldman Sachs Group decreased their price target on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. StockNews.com upgraded shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th. Finally, BMO Capital Markets dropped their price target on Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, September 30th.

Institutional Investors Weigh In On Tronox

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Tronox during the 2nd quarter worth approximately $76,000. Headlands Technologies LLC acquired a new position in Tronox during the second quarter worth $83,000. nVerses Capital LLC purchased a new position in Tronox in the second quarter worth $121,000. SG Americas Securities LLC acquired a new stake in Tronox in the first quarter valued at $124,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Tronox by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock worth $178,000 after purchasing an additional 861 shares in the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Trading Down 5.4 %

Shares of Tronox stock opened at $13.61 on Tuesday. The company has a fifty day simple moving average of $13.54 and a 200-day simple moving average of $15.99. Tronox has a 12-month low of $10.08 and a 12-month high of $20.70. The company has a current ratio of 2.98, a quick ratio of 1.08 and a debt-to-equity ratio of 1.44. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -6.10, a PEG ratio of 30.16 and a beta of 1.64.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative return on equity of 3.40% and a negative net margin of 2.14%. The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. During the same period in the previous year, the business posted $0.16 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Tronox will post 0.39 EPS for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.67%. Tronox’s dividend payout ratio (DPR) is -22.42%.

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.