Tronox Holdings plc (NYSE:TROX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tronox Holdings plc (NYSE:TROX) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $17.83.

A number of equities analysts have weighed in on the stock. StockNews.com raised shares of Tronox from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. Barclays reduced their price objective on Tronox from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, September 25th. BMO Capital Markets dropped their target price on Tronox from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, September 30th. The Goldman Sachs Group reduced their price target on Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, September 19th. Finally, UBS Group upgraded shares of Tronox from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th.

Tronox Trading Down 1.3 %

TROX opened at $14.38 on Tuesday. The stock has a market cap of $2.27 billion, a PE ratio of -6.45, a PEG ratio of 27.68 and a beta of 1.64. The business has a 50 day moving average of $13.53 and a 200-day moving average of $16.03. Tronox has a 52 week low of $10.08 and a 52 week high of $20.70. The company has a quick ratio of 1.08, a current ratio of 2.98 and a debt-to-equity ratio of 1.44.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.11). The firm had revenue of $820.00 million for the quarter, compared to analysts’ expectations of $848.04 million. Tronox had a negative net margin of 2.14% and a negative return on equity of 3.40%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Equities research analysts predict that Tronox will post 0.42 earnings per share for the current fiscal year.

Tronox Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Monday, August 26th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Monday, August 26th. Tronox’s payout ratio is currently -22.42%.

Institutional Investors Weigh In On Tronox

Several large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in Tronox in the 4th quarter worth approximately $353,000. Nomura Holdings Inc. bought a new stake in shares of Tronox in the fourth quarter worth $338,000. Allspring Global Investments Holdings LLC increased its position in Tronox by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,232 shares of the company’s stock valued at $178,000 after acquiring an additional 861 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Tronox by 14.3% in the first quarter. Van ECK Associates Corp now owns 1,119,037 shares of the company’s stock valued at $19,415,000 after acquiring an additional 139,956 shares during the period. Finally, Empowered Funds LLC boosted its position in Tronox by 8.3% in the first quarter. Empowered Funds LLC now owns 609,961 shares of the company’s stock worth $10,583,000 after purchasing an additional 46,563 shares during the last quarter. 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.