Brokerages Set Tronox Holdings plc (NYSE:TROX) Price Target at $18.33

Tronox Holdings plc (NYSE:TROX) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $18.17.

Several research analysts recently weighed in on the stock. Mizuho started coverage on shares of Tronox in a report on Friday, June 7th. They set a “neutral” rating and a $22.00 price target on the stock. The Goldman Sachs Group cut their target price on Tronox from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, September 19th. Barclays dropped their price target on Tronox from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday. UBS Group reduced their price objective on Tronox from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Finally, StockNews.com upgraded Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

Tronox Stock Performance

TROX stock opened at $14.59 on Friday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.08 and a current ratio of 2.98. Tronox has a twelve month low of $10.08 and a twelve month high of $20.70. The stock’s 50 day moving average is $13.70 and its 200-day moving average is $16.31.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.11). Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The company had revenue of $820.00 million for the quarter, compared to the consensus estimate of $848.04 million. During the same quarter last year, the business posted $0.16 earnings per share. Tronox’s revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Tronox will post 0.44 EPS for the current year.

Tronox Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, August 26th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, August 26th. This represents a $0.50 annualized dividend and a dividend yield of 3.43%. Tronox’s payout ratio is presently -22.42%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TROX. Capital World Investors purchased a new stake in Tronox during the first quarter valued at about $19,152,000. Primecap Management Co. CA lifted its stake in shares of Tronox by 7.9% during the 4th quarter. Primecap Management Co. CA now owns 1,234,700 shares of the company’s stock valued at $17,483,000 after buying an additional 90,500 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Tronox by 7.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,951,090 shares of the company’s stock worth $27,627,000 after buying an additional 127,718 shares during the period. Franklin Resources Inc. grew its stake in Tronox by 16.5% in the 4th quarter. Franklin Resources Inc. now owns 6,185,221 shares of the company’s stock valued at $87,583,000 after buying an additional 876,192 shares in the last quarter. Finally, Capital International Investors raised its holdings in Tronox by 2.7% during the 1st quarter. Capital International Investors now owns 4,757,130 shares of the company’s stock valued at $82,536,000 after acquiring an additional 126,926 shares during the period. 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.