Tronox Holdings plc (NYSE:TROX) Given Consensus Recommendation of “Hold” by Brokerages

Tronox Holdings plc (NYSE:TROXGet Free Report) has been given a consensus recommendation of “Hold” by the six analysts that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $14.71.

TROX has been the subject of several recent research reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $11.00 price objective (down from $16.00) on shares of Tronox in a research report on Friday, October 27th. Barclays reduced their target price on Tronox from $15.00 to $14.00 and set an “overweight” rating on the stock in a report on Monday, October 30th. UBS Group increased their price target on Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, January 11th. Finally, BMO Capital Markets raised Tronox from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $11.00 to $18.00 in a research report on Monday, December 18th.

Get Our Latest Research Report on Tronox

Institutional Trading of Tronox

Institutional investors have recently added to or reduced their stakes in the business. Millburn Ridgefield Corp purchased a new stake in Tronox during the third quarter valued at about $25,000. Catalyst Capital Advisors LLC bought a new position in shares of Tronox during the third quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of Tronox during the fourth quarter valued at about $27,000. Covestor Ltd raised its stake in shares of Tronox by 1,757.7% during the first quarter. Covestor Ltd now owns 2,898 shares of the company’s stock valued at $57,000 after acquiring an additional 2,742 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in Tronox in the second quarter worth about $39,000. 70.22% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Trading Down 1.3 %

Shares of TROX opened at $13.67 on Thursday. The stock has a fifty day moving average price of $13.48 and a two-hundred day moving average price of $12.86. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.10 and a current ratio of 3.32. Tronox has a 52-week low of $10.08 and a 52-week high of $16.97. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -7.81, a PEG ratio of 12.45 and a beta of 1.96.

About Tronox

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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.

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Analyst Recommendations for Tronox (NYSE:TROX)

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