Tronox (NYSE:TROX) Price Target Lowered to $15.00 at UBS Group

Tronox (NYSE:TROX) had its price target cut by UBS Group from $16.00 to $15.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also commented on TROX. The Goldman Sachs Group decreased their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. BMO Capital Markets reduced their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Truist Financial assumed coverage on Tronox in a research note on Tuesday, January 28th. They set a “buy” rating and a $17.00 price target for the company. Barclays reduced their price objective on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Finally, Morgan Stanley decreased their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Tronox Trading Down 10.5 %

Shares of NYSE TROX opened at $8.80 on Thursday. The business has a 50-day simple moving average of $10.12 and a two-hundred day simple moving average of $12.05. Tronox has a 52 week low of $8.29 and a 52 week 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.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. On average, equities analysts predict that Tronox will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Tronox

A number of hedge funds and other institutional investors have recently made changes to their positions in TROX. Point72 Asia Singapore Pte. Ltd. raised its position in shares of Tronox by 34.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after acquiring an additional 1,683 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Tronox by 9.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock valued at $399,000 after buying an additional 2,488 shares during the period. KBC Group NV boosted its holdings in shares of Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after buying an additional 2,590 shares in the last quarter. nVerses Capital LLC grew its position in shares of Tronox by 35.1% in the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock worth $152,000 after buying an additional 2,700 shares during the period. Finally, Sterling Capital Management LLC increased its stake in shares of Tronox by 832.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock worth $38,000 after acquiring an additional 3,397 shares in 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.