Tronox (NYSE:TROX) Given New $7.00 Price Target at Truist Financial

Key Points

• Truist Financial cut its price target on Tronox to $7.00 and maintained a "sell" rating, implying roughly a 22% downside from the prior close.
• Analysts are mixed but the consensus is a "Hold" with an average target of $6.45; Tronox also missed quarterly EPS (‑$0.55 vs. ‑$0.48 expected) and reported negative margins and return on equity.

Tronox (NYSE:TROX - Get Free Report) had its price objective reduced by investment analysts at Truist Financial from $8.00 to $7.00 in a report released on Friday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. Truist Financial's price objective points to a potential downside of 22.09% from the company's previous close.

Several other equities analysts also recently weighed in on TROX. The Goldman Sachs Group boosted their target price on Tronox from $5.50 to $7.50 and gave the company a "buy" rating in a research report on Thursday, January 29th. BMO Capital Markets reaffirmed a "market perform" rating on shares of Tronox in a research note on Friday, February 20th. Weiss Ratings reiterated a "sell (d)" rating on shares of Tronox in a research report on Monday, April 20th. Zacks Research raised shares of Tronox from a "strong sell" rating to a "hold" rating in a research note on Monday, March 2nd. Finally, UBS Group raised their price objective on shares of Tronox from $7.50 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, April 9th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $6.45.

Tronox Stock Performance

NYSE:TROX traded up $0.57 during mid-day trading on Friday, hitting $8.99. 1,899,436 shares of the company traded hands, compared to its average volume of 3,711,887. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -3.08 and a beta of 0.83. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. Tronox has a one year low of $2.86 and a one year high of $10.59. The stock's fifty day moving average price is $8.54 and its 200-day moving average price is $6.20.

Tronox (NYSE:TROX - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.55) EPS for the quarter, missing the consensus estimate of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.13% and a negative net margin of 15.82%.The company had revenue of $760.00 million during the quarter, compared to analysts' expectations of $751.38 million. During the same quarter in the previous year, the firm earned ($0.15) EPS. The firm's revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts anticipate that Tronox will post -1.11 earnings per share for the current fiscal year.

Insider Transactions at Tronox

In related news, insider Jonathan Flood sold 8,008 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.58, for a total value of $52,692.64. Following the transaction, the insider owned 92,861 shares in the company, valued at approximately $611,025.38. This represents a 7.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jean Francois Turgeon sold 18,563 shares of Tronox stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $6.60, for a total transaction of $122,515.80. Following the sale, the director owned 754,009 shares of the company's stock, valued at approximately $4,976,459.40. The trade was a 2.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 172,711 shares of company stock valued at $1,145,137 over the last quarter. Company insiders own 2.00% of the company's stock.

Institutional Investors Weigh In On Tronox

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in shares of Tronox in the second quarter worth about $38,000. PNC Financial Services Group Inc. lifted its holdings in Tronox by 292.2% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company's stock valued at $36,000 after acquiring an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Tronox in the third quarter valued at approximately $37,000. Westview Management dba Westview Investment Advisors purchased a new stake in Tronox in the 4th quarter worth approximately $42,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Tronox during the 4th quarter worth approximately $43,000. 73.36% of the stock is owned by institutional investors and hedge funds.

About Tronox

Tronox Holdings plc is a vertically integrated global producer of titanium dioxide (TiO₂) pigment and specialty materials. The company's operations encompass the full supply chain for TiO₂, from mining and processing titanium-bearing ores—such as ilmenite and rutile—to the production of high-purity pigment for use in paints, coatings, plastics, paper and other industrial applications. In addition to TiO₂, Tronox's product portfolio includes zircon, rare earth byproducts and other specialty minerals that serve a range of industrial markets.

Tronox operates a network of mines, processing facilities and pigment plants located across North America, Europe, the Middle East, Australia and South Africa.

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