Brokerages Set Tronox Holdings plc (NYSE:TROX) PT at $13.50

Tronox Holdings plc (NYSE:TROX) has earned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $13.50.

TROX has been the topic of a number of recent analyst reports. UBS Group lowered their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley lowered their price target on 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 target price on Tronox from $13.00 to $11.50 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Truist Financial decreased their target price on Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Finally, Mizuho decreased their target price on Tronox from $11.00 to $9.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th.

Tronox Stock Down 0.4 %

Shares of TROX opened at $7.26 on Friday. Tronox has a 52 week low of $6.64 and a 52 week high of $20.70. The company has a quick ratio of 0.90, a current ratio of 2.47 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of -23.42 and a beta of 1.64. The stock’s 50-day moving average price is $8.80 and its 200-day moving average price is $10.98.

Tronox (NYSE:TROX) last issued its earnings results on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. On average, sell-side analysts predict that Tronox will post 0.49 EPS for the current year.

Tronox Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be issued a $0.125 dividend. The ex-dividend date is Monday, March 3rd. This represents a $0.50 annualized dividend and a dividend yield of 6.89%. Tronox’s dividend payout ratio is presently -161.29%.

Institutional Investors Weigh In On Tronox

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its holdings in shares of Tronox by 832.6% in the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock valued at $38,000 after purchasing an additional 3,397 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Tronox during the third quarter worth $66,000. Point72 Asia Singapore Pte. Ltd. increased its stake in Tronox by 34.6% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after acquiring an additional 1,683 shares during the last quarter. KBC Group NV increased its stake in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after acquiring an additional 2,590 shares during the last quarter. Finally, Mariner LLC acquired a new stake in Tronox during the fourth quarter worth $105,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.