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

Shares of Tronox Holdings plc (NYSE:TROX) have been given a consensus recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.00.

TROX has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on shares of Tronox from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday, September 19th. BMO Capital Markets reduced their price objective on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 29th. Barclays lowered 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. Finally, UBS Group raised Tronox from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.00 to $19.00 in a research note on Thursday, October 10th.

Institutional Trading of Tronox

Institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Tronox during the third quarter valued at about $66,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tronox during the 2nd quarter worth about $76,000. Headlands Technologies LLC acquired a new stake in Tronox during the 2nd quarter worth approximately $83,000. nVerses Capital LLC purchased a new position in Tronox in the second quarter valued at approximately $121,000. Finally, MQS Management LLC acquired a new position in Tronox during the second quarter valued at approximately $195,000. 73.36% of the stock is owned by hedge funds and other institutional investors.

Tronox Stock Performance

Shares of TROX opened at $9.49 on Friday. Tronox has a 12-month low of $9.47 and a 12-month high of $20.70. The stock has a market cap of $1.50 billion, a P/E ratio of -19.77 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 company has a 50-day moving average of $11.29 and a two-hundred day moving average of $13.36.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, October 24th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.30). The company had revenue of $804.00 million during the quarter, compared to analysts’ expectations 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 period in the previous year, the company posted ($0.08) EPS. As a group, research analysts predict that Tronox will post -0.04 EPS for the current fiscal year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Monday, November 11th were issued a $0.125 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 5.27%. Tronox’s dividend payout ratio (DPR) is presently -104.17%.

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.