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

Tronox Holdings plc (NYSE:TROX) has received an average rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $16.00.

A number of equities analysts have commented on TROX shares. Barclays reduced their price target on shares of Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. BMO Capital Markets reduced their price target on shares of Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. The Goldman Sachs Group reduced their price target on shares of Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Morgan Stanley dropped their target price on shares of Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, Truist Financial began coverage on shares of Tronox in a research note on Tuesday, January 28th. They issued a “buy” rating and a $17.00 target price for the company.

Tronox Price Performance

Shares of Tronox stock opened at $7.81 on Monday. The firm has a market cap of $1.23 billion, a P/E ratio of -16.26 and a beta of 1.60. Tronox has a twelve month low of $7.72 and a twelve month high of $20.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The firm’s 50-day simple moving average is $10.04 and its 200-day simple moving average is $11.94.

Tronox (NYSE:TROX) last released its quarterly 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 net margin of 2.40% and a negative return on equity of 3.91%. As a group, research analysts expect that Tronox will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in shares of Tronox by 832.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,805 shares of the company’s stock worth $38,000 after buying an additional 3,397 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Tronox during the third quarter worth approximately $66,000. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of 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 buying an additional 1,683 shares during the last quarter. KBC Group NV raised its stake in shares of 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 buying an additional 2,590 shares during the last quarter. Finally, Mariner LLC bought a new stake in shares of Tronox during the fourth quarter worth approximately $105,000. 73.36% of the stock is owned by institutional investors.

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.