Tronox Holdings plc (NYSE:TROX) Receives Average Recommendation of “Moderate Buy” from Brokerages

Tronox Holdings plc (NYSE:TROX) has been given a consensus rating of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of equities research analysts recently commented on TROX shares. BMO Capital Markets lowered their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, October 29th. The Goldman Sachs Group cut their price target on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. UBS Group raised shares of Tronox from a “neutral” rating to a “buy” rating and upped their price objective for the company from $17.00 to $19.00 in a report on Thursday, October 10th. Finally, Barclays reduced their target price on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio bought a new stake in Tronox during the third quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Tronox in the second quarter worth approximately $76,000. Headlands Technologies LLC purchased a new position in shares of Tronox during the second quarter worth approximately $83,000. nVerses Capital LLC bought a new stake in shares of Tronox in the 2nd quarter worth approximately $121,000. Finally, Entropy Technologies LP bought a new stake in shares of Tronox in the 3rd quarter worth approximately $190,000. Institutional investors own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of Tronox stock opened at $11.98 on Wednesday. The firm has a market capitalization of $1.89 billion, a P/E ratio of -24.96 and a beta of 1.59. 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 business’s fifty day simple moving average is $12.91 and its 200 day simple moving average is $14.80. Tronox has a 12 month low of $10.69 and a 12 month high of $20.70.

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

Tronox Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Monday, November 11th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.17%. Tronox’s dividend payout ratio (DPR) is currently -104.16%.

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.