Tronox (NYSE:TROX) Price Target Lowered to $5.00 at Truist Financial

Key Points

• Truist Financial has lowered its price target for Tronox from $6.00 to $5.00, maintaining a "buy" rating, which suggests a potential upside of 36.80% from the current stock price.
• Tronox recently reported a loss of ($0.28) EPS for the last quarter, missing analysts' expectations and showing a 10.9% decline in revenue compared to the previous year.
• CEO John D. Romano purchased 100,000 shares of Tronox stock for $3.09 per share, indicating insider confidence in the company's performance.

Tronox (NYSE:TROX - Get Free Report) had its target price lowered by stock analysts at Truist Financial from $6.00 to $5.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 36.80% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Tronox from $7.00 to $4.50 and set a "buy" rating for the company in a report on Thursday, August 7th. Mizuho decreased their price objective on Tronox from $4.00 to $3.50 and set an "underperform" rating for the company in a report on Thursday. Weiss Ratings reiterated a "sell (d)" rating on shares of Tronox in a report on Wednesday, October 8th. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Tronox in a report on Friday, October 3rd. Finally, Alembic Global Advisors reiterated an "overweight" rating and issued a $6.00 price objective on shares of Tronox in a report on Monday, September 15th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Tronox presently has a consensus rating of "Hold" and a consensus target price of $4.99.

Tronox Trading Up 4.1%

Shares of Tronox stock traded up $0.15 during midday trading on Monday, reaching $3.66. 2,008,747 shares of the company's stock traded hands, compared to its average volume of 3,225,373. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. The company has a market cap of $579.39 million, a PE ratio of -2.32 and a beta of 1.28. The stock has a 50 day moving average of $4.15 and a 200-day moving average of $4.87. Tronox has a 12 month low of $2.95 and a 12 month high of $14.35.

Tronox (NYSE:TROX - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.24). The business had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. Tronox had a negative net margin of 8.48% and a negative return on equity of 4.83%. Tronox's revenue was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 EPS. Tronox has set its FY 2025 guidance at EPS. As a group, equities analysts expect that Tronox will post 0.49 EPS for the current fiscal year.

Insider Activity at Tronox

In other Tronox news, CEO John D. Romano acquired 100,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were bought at an average cost of $3.09 per share, with a total value of $309,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,333,485 shares of the company's stock, valued at approximately $4,120,468.65. This represents a 8.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jean Francois Turgeon acquired 31,150 shares of the company's stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average cost of $3.21 per share, for a total transaction of $99,991.50. Following the completion of the transaction, the director directly owned 772,572 shares of the company's stock, valued at $2,479,956.12. The trade was a 4.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 184,750 shares of company stock valued at $579,714 over the last three months. 1.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Tronox

Several institutional investors have recently modified their holdings of TROX. Headlands Technologies LLC purchased a new stake in shares of Tronox during the second quarter valued at $38,000. Public Employees Retirement System of Ohio boosted its position in Tronox by 48.9% in 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. Amplius Wealth Advisors LLC purchased a new position in Tronox in the second quarter worth about $64,000. Focus Partners Advisor Solutions LLC purchased a new position in Tronox in the second quarter worth about $64,000. Finally, Nisa Investment Advisors LLC boosted its position in Tronox by 763.5% in 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. 73.36% of the stock is owned by hedge funds and other 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.

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