Brokerages Set Tronox Holdings plc (NYSE:TROX) Price Target at $16.00

Shares of Tronox Holdings plc (NYSE:TROX) have been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $15.57.

A number of research firms recently weighed in on TROX. Morgan Stanley reduced their price objective on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. The Goldman Sachs Group decreased their price target on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. BMO Capital Markets cut their price objective on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Barclays decreased their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. 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, February 18th.

Tronox Price Performance

NYSE:TROX opened at $7.86 on Monday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -25.34 and a beta of 1.60. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.47 and a quick ratio of 0.90. The business has a 50 day simple moving average of $9.72 and a 200-day simple moving average of $11.74. Tronox has a 1 year low of $7.72 and a 1 year high of $20.70.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Equities analysts forecast that Tronox will post 0.49 EPS for the current year.

Tronox Announces Dividend

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

Institutional Investors Weigh In On Tronox

Hedge funds have recently modified their holdings of the business. FMR LLC lifted its holdings in Tronox by 4.7% during the third quarter. FMR LLC now owns 23,805,227 shares of the company’s stock worth $348,270,000 after buying an additional 1,073,674 shares during the period. Vanguard Group Inc. raised its position in shares of Tronox by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 12,650,443 shares of the company’s stock worth $127,390,000 after acquiring an additional 193,895 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of Tronox by 60.6% during the 4th quarter. Thrivent Financial for Lutherans now owns 6,938,289 shares of the company’s stock worth $69,869,000 after purchasing an additional 2,616,804 shares during the last quarter. Capital International Investors boosted its position in Tronox by 14.8% during the fourth quarter. Capital International Investors now owns 6,060,943 shares of the company’s stock valued at $61,034,000 after purchasing an additional 781,223 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. grew its stake in Tronox by 5.2% in the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 2,799,111 shares of the company’s stock valued at $28,187,000 after purchasing an additional 139,401 shares during the last quarter. Hedge funds and other 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.