Mizuho Has Lowered Expectations for Tronox (NYSE:TROX) Stock Price

Key Points

• Mizuho has reduced its price target for Tronox (NYSE:TROX) from $4.00 to $3.50, assigning an "underperform" rating, indicating a potential downside of 8.78% from the current stock price.
• Other analysts have also downgraded Tronox, with BMO Capital Markets cutting their target to $3.00, while UBS Group has raised theirs to $3.90, reflecting mixed market sentiment.
• Tronox recently reported a quarterly loss of ($0.28) EPS, missing estimates, and its revenue of $731 million was down 10.9% year-over-year, highlighting ongoing financial challenges.

Tronox (NYSE:TROX - Get Free Report) had its price target decreased by analysts at Mizuho from $4.00 to $3.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an "underperform" rating on the stock. Mizuho's price objective indicates a potential downside of 8.78% from the stock's current price.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets cut shares of Tronox from a "market perform" rating to an "underperform" rating and reduced their target price for the company from $7.00 to $3.00 in a research report on Monday, June 30th. UBS Group raised their target price on shares of Tronox from $3.60 to $3.90 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Morgan Stanley lowered their target price on Tronox from $8.00 to $4.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 6th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Tronox in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group lowered their price objective on Tronox from $7.00 to $4.50 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $5.10.

Tronox Stock Down 1.9%

TROX stock opened at $3.84 on Thursday. Tronox has a 52 week low of $2.95 and a 52 week high of $14.93. The company has a quick ratio of 0.52, a current ratio of 2.10 and a debt-to-equity ratio of 1.64. The firm has a 50-day simple moving average of $4.13 and a 200-day simple moving average of $4.93. The stock has a market capitalization of $608.26 million, a P/E ratio of -2.44 and a beta of 1.28.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $802.03 million. During the same quarter in the previous year, the firm posted $0.07 earnings per share. The company's quarterly revenue was down 10.9% on a year-over-year basis. Tronox has set its FY 2025 guidance at EPS. Equities analysts forecast that Tronox will post 0.49 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Jeffrey A. Engle bought 12,600 shares of the business's stock in a transaction on Friday, August 1st. The shares were purchased at an average price of $3.07 per share, with a total value of $38,682.00. Following the completion of the purchase, the senior vice president owned 146,926 shares of the company's stock, valued at $451,062.82. This represents a 9.38% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Peter Johnston acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, August 12th. The shares were bought at an average price of $3.21 per share, for a total transaction of $64,200.00. Following the completion of the acquisition, the director owned 191,513 shares of the company's stock, valued at $614,756.73. This trade represents a 11.66% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 184,750 shares of company stock worth $579,714. 1.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Tronox

A number of hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in Tronox during the 2nd quarter worth approximately $38,000. Public Employees Retirement System of Ohio increased its position in shares of Tronox by 48.9% during the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company's stock worth $50,000 after buying an additional 3,231 shares during the period. Amplius Wealth Advisors LLC bought a new position in Tronox during the second quarter worth $64,000. Focus Partners Advisor Solutions LLC acquired a new stake in Tronox during the 2nd quarter worth about $64,000. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Tronox by 763.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock valued at $65,000 after purchasing an additional 8,070 shares during the period. 73.36% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.