Brokerages Set Tronox Holdings plc (NYSE:TROX) Price Target at $18.00

Tronox Holdings plc (NYSE:TROX) has received a consensus recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $18.00.

Several analysts recently commented on the company. UBS Group raised Tronox from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.00 to $19.00 in a report on Thursday, October 10th. 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 dropped their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group dropped their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Thursday, September 19th.

Tronox Trading Down 0.4 %

Tronox stock opened at $11.62 on Wednesday. Tronox has a one year low of $10.69 and a one year high of $20.70. The stock has a market cap of $1.84 billion, a PE ratio of -24.21 and a beta of 1.59. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The stock has a 50-day moving average of $12.74 and a two-hundred day moving average of $14.65.

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

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Monday, November 11th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.30%. The ex-dividend date is Friday, November 8th. Tronox’s payout ratio is currently -104.16%.

Institutional Trading of Tronox

Several institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Tronox by 4.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 89,212 shares of the company’s stock worth $1,548,000 after acquiring an additional 4,204 shares during the last quarter. BDF Gestion acquired a new stake in shares of Tronox in the second quarter worth approximately $1,273,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Tronox by 4.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 25,065 shares of the company’s stock worth $393,000 after acquiring an additional 1,014 shares during the last quarter. Raymond James & Associates acquired a new stake in shares of Tronox in the second quarter worth approximately $1,360,000. Finally, Van Lanschot Kempen Investment Management N.V. boosted its stake in shares of Tronox by 2.9% in the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,426,486 shares of the company’s stock worth $38,072,000 after acquiring an additional 68,155 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.