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

Tronox Holdings plc (NYSE:TROX) has been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.57.

A number of analysts have commented on the company. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, October 28th. The Goldman Sachs Group decreased their target price on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley dropped their price target on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and increased their price objective for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Finally, Truist Financial started coverage on shares of Tronox in a research report on Tuesday. They issued a “buy” rating and a $17.00 target price for the company.

Hedge Funds Weigh In On Tronox

A number of institutional investors have recently bought and sold shares of TROX. FMR LLC grew its holdings in Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock valued at $348,270,000 after purchasing an additional 1,073,674 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of Tronox by 0.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 4,321,485 shares of the company’s stock valued at $63,223,000 after buying an additional 23,686 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock valued at $39,708,000 after acquiring an additional 22,165 shares during the period. Driehaus Capital Management LLC increased its holdings in Tronox by 109.3% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,646,916 shares of the company’s stock worth $41,530,000 after acquiring an additional 1,381,975 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Tronox by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,212,221 shares of the company’s stock worth $32,365,000 after acquiring an additional 112,010 shares during the period. 73.36% of the stock is owned by institutional investors.

Tronox Trading Up 0.3 %

NYSE:TROX opened at $10.29 on Thursday. Tronox has a 52 week low of $8.73 and a 52 week high of $20.70. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of -21.43 and a beta of 1.62. The company’s 50 day moving average price is $10.59 and its 200-day moving average price is $12.50. The company has a quick ratio of 0.90, a current ratio of 2.72 and a debt-to-equity ratio of 1.42.

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.