Analysts Set Tronox Holdings plc (NYSE:TROX) PT at $14.86

Shares of Tronox Holdings plc (NYSE:TROX) have received an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.86.

TROX has been the subject of several research analyst reports. BMO Capital Markets raised their price objective on shares of Tronox from $18.00 to $19.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. StockNews.com upgraded shares of Tronox to a “sell” rating in a report on Wednesday, February 14th. Finally, UBS Group lifted their target price on shares of Tronox from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 11th.

Hedge Funds Weigh In On Tronox

Several large investors have recently made changes to their positions in TROX. Millburn Ridgefield Corp purchased a new position in Tronox in the 3rd quarter worth approximately $25,000. Catalyst Capital Advisors LLC purchased a new position in Tronox in the 3rd quarter worth approximately $25,000. GAMMA Investing LLC purchased a new position in Tronox in the 4th quarter worth approximately $27,000. DekaBank Deutsche Girozentrale purchased a new position in Tronox in the 3rd quarter worth approximately $50,000. Finally, TFO Wealth Partners LLC raised its holdings in Tronox by 260,833.3% in the 4th quarter. TFO Wealth Partners LLC now owns 7,828 shares of the company’s stock worth $111,000 after acquiring an additional 7,825 shares during the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Stock Performance

Shares of TROX opened at $17.37 on Tuesday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.84 and a quick ratio of 0.95. Tronox has a one year low of $10.08 and a one year high of $17.89. The company has a 50-day simple moving average of $16.13 and a two-hundred day simple moving average of $13.90. The firm has a market capitalization of $2.72 billion, a PE ratio of -8.60, a price-to-earnings-growth ratio of 23.50 and a beta of 1.93.

Tronox (NYSE:TROX) last issued its quarterly earnings data on Thursday, February 15th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.33). Tronox had a negative return on equity of 1.13% and a negative net margin of 11.09%. The company had revenue of $686.00 million during the quarter, compared to analysts’ expectations of $668.95 million. During the same quarter last year, the business earned ($0.17) earnings per share. The business’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts anticipate that Tronox will post 0.6 EPS for the current fiscal year.

Tronox Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 4th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $0.50 annualized dividend and a dividend yield of 2.88%. Tronox’s payout ratio is -24.75%.

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.