Analysts Set Tronox Holdings plc (NYSE:TROX) PT at $16.00

Shares of Tronox Holdings plc (NYSE:TROX) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $15.57.

TROX has been the subject of a number of recent research reports. Morgan Stanley lowered their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. UBS Group lowered their price target on Tronox from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Barclays cut their price objective on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets decreased their target price on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. Finally, Truist Financial cut their price target on shares of Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday.

Tronox Trading Down 2.8 %

Shares of NYSE TROX opened at $7.86 on Monday. Tronox has a 1 year low of $7.72 and a 1 year high of $20.70. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm has a 50-day moving average of $9.72 and a 200 day moving average of $11.76. The stock has a market cap of $1.24 billion, a P/E ratio of -25.34 and a beta of 1.60.

Tronox (NYSE:TROX) last released its earnings results 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 1.56% and a negative return on equity of 0.62%. As a group, sell-side analysts expect that Tronox will post 0.49 EPS for the current fiscal year.

Tronox Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 6.37%. The ex-dividend date of this dividend is Monday, March 3rd. Tronox’s dividend payout ratio is currently -161.29%.

Institutional Trading of Tronox

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Tronox during the third quarter valued at approximately $263,000. nVerses Capital LLC lifted its holdings in shares of Tronox by 35.1% during the 3rd quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock valued at $152,000 after buying an additional 2,700 shares during the period. Jade Capital Advisors LLC lifted its holdings in shares of Tronox by 149.8% during the 3rd quarter. Jade Capital Advisors LLC now owns 141,744 shares of the company’s stock valued at $2,074,000 after buying an additional 85,000 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in shares of Tronox in the 3rd quarter worth $283,000. Finally, Semanteon Capital Management LP grew its holdings in shares of Tronox by 16.9% in the third quarter. Semanteon Capital Management LP now owns 86,479 shares of the company’s stock worth $1,265,000 after acquiring an additional 12,505 shares during the period. 73.36% of the stock is currently owned by institutional investors.

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.