Tronox (NYSE:TROX) Price Target Raised to $9.00 at UBS Group

Key Points

• UBS raised its price target on Tronox to $9.00 (from $7.50) while maintaining a "neutral" rating, implying roughly a 1% upside from the stock's recent ~$8.90 price.
• MarketBeat's consensus is a Hold with an average price target of $6.65, based on 4 Buy, 6 Hold and 2 Sell analyst ratings.
• Insiders have been net sellers recently: CEO John D. Romano sold 101,600 shares on March 6, and insiders sold 172,711 shares in the last 90 days, leaving insiders with about 1.70% ownership.

Tronox (NYSE:TROX - Get Free Report) had its target price raised by equities research analysts at UBS Group from $7.50 to $9.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price target suggests a potential upside of 1.08% from the stock's current price.

Other equities analysts have also issued reports about the company. Zacks Research raised Tronox from a "strong sell" rating to a "hold" rating in a report on Monday, March 2nd. Truist Financial reaffirmed a "hold" rating and issued a $9.00 price target (up from $8.00) on shares of Tronox in a report on Thursday. Mizuho raised their price target on Tronox from $4.50 to $5.00 and gave the stock an "underperform" rating in a report on Monday, March 23rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Tronox in a report on Wednesday, January 21st. Finally, The Goldman Sachs Group raised their price target on Tronox from $5.50 to $7.50 and gave the stock a "buy" rating in a report on Thursday, January 29th. Four analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, Tronox currently has an average rating of "Hold" and a consensus price target of $6.65.

Tronox Stock Performance

Shares of Tronox stock traded down $0.22 during trading hours on Thursday, reaching $8.90. The company had a trading volume of 2,555,047 shares, compared to its average volume of 3,975,463. Tronox has a one year low of $2.86 and a one year high of $9.94. The business has a fifty day simple moving average of $7.67 and a 200 day simple moving average of $5.44. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.46 and a quick ratio of 0.67. The firm has a market cap of $1.41 billion, a PE ratio of -3.00 and a beta of 0.93.

Tronox (NYSE:TROX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.60) EPS for the quarter, missing analysts' consensus estimates of ($0.43) by ($0.17). Tronox had a negative return on equity of 14.75% and a negative net margin of 16.22%.The company had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. During the same period in the previous year, the business earned $0.03 earnings per share. Tronox's revenue was up 8.0% on a year-over-year basis. On average, analysts anticipate that Tronox will post 0.49 earnings per share for the current fiscal year.

Insider Activity at Tronox

In related news, CEO John D. Romano sold 101,600 shares of Tronox stock in a transaction on Friday, March 6th. The stock was sold at an average price of $6.59, for a total transaction of $669,544.00. Following the completion of the sale, the chief executive officer owned 1,473,740 shares of the company's stock, valued at approximately $9,711,946.60. This trade represents a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jeffrey A. Engle sold 14,575 shares of Tronox stock in a transaction on Friday, March 6th. The shares were sold at an average price of $6.60, for a total value of $96,195.00. Following the sale, the senior vice president directly owned 175,251 shares of the company's stock, valued at $1,156,656.60. This represents a 7.68% decrease in their position. 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 in the last ninety days. 1.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Tronox

Large investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Tronox by 292.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company's stock worth $36,000 after purchasing an additional 6,493 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Tronox during the third quarter worth about $37,000. Headlands Technologies LLC bought a new stake in Tronox during the second quarter worth about $38,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox during the fourth quarter worth about $42,000. Finally, Aigen Investment Management LP bought a new stake in Tronox during the fourth quarter worth about $43,000. Institutional investors own 73.36% of the company's stock.

Tronox Company Profile

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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