Tronox Holdings PLC (NYSE:TROX) Receives $7.06 Average Price Target from Analysts

Tronox Holdings PLC (NYSE:TROX - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $7.06.

TROX has been the topic of several analyst reports. JPMorgan Chase & Co. upgraded shares of Tronox from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $5.00 to $7.00 in a research note on Friday, May 30th. Morgan Stanley lowered their price objective on shares of Tronox from $12.00 to $8.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. UBS Group lowered their price objective on shares of Tronox from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Wednesday, July 9th. Barclays lowered their price objective on shares of Tronox from $13.00 to $8.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 28th. Finally, Mizuho lowered their price objective on shares of Tronox from $6.00 to $5.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th.

Insider Buying and Selling at Tronox

In other news, SVP Jeffrey N. Neuman bought 10,266 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $4.89 per share, with a total value of $50,200.74. Following the completion of the transaction, the senior vice president directly owned 10,266 shares of the company's stock, valued at approximately $50,200.74. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TROX. Sterling Capital Management LLC raised its holdings 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 purchasing an additional 3,397 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings 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 purchasing an additional 3,231 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Tronox by 763.5% during the first quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company's stock worth $65,000 after purchasing an additional 8,070 shares during the last quarter. CWM LLC raised its holdings in shares of Tronox by 1,186.7% during the first quarter. CWM LLC now owns 10,731 shares of the company's stock worth $76,000 after purchasing an additional 9,897 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Tronox by 1,070.2% during the first quarter. GAMMA Investing LLC now owns 11,257 shares of the company's stock worth $79,000 after purchasing an additional 10,295 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company's stock.

Tronox Price Performance

Shares of Tronox stock traded down $0.05 on Thursday, hitting $5.51. 1,499,598 shares of the company traded hands, compared to its average volume of 1,842,903. The firm's 50-day simple moving average is $5.47 and its 200 day simple moving average is $6.83. The company has a current ratio of 2.28, a quick ratio of 0.61 and a debt-to-equity ratio of 1.61. The company has a market cap of $873.11 million, a P/E ratio of -5.80 and a beta of 1.37. Tronox has a 12-month low of $4.35 and a 12-month high of $16.57.

Tronox (NYSE:TROX - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.17). The business had revenue of $738.00 million during the quarter, compared to analysts' expectations of $745.96 million. Tronox had a negative return on equity of 1.57% and a negative net margin of 4.94%. Tronox's revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) EPS. Analysts expect that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Monday, May 19th were given a $0.125 dividend. The ex-dividend date was Monday, May 19th. This represents a $0.50 annualized dividend and a dividend yield of 9.07%. Tronox's payout ratio is presently -52.63%.

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.