The Goldman Sachs Group Forecasts Strong Price Appreciation for Tronox (NYSE:TROX) Stock

Tronox (NYSE:TROX) had its price target upped by research analysts at The Goldman Sachs Group from $4.25 to $5.50 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would indicate a potential upside of 24.86% from the company’s current price.

TROX has been the topic of a number of other research reports. Truist Financial lowered their price target on Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Mizuho upped their target price on Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a research note on Wednesday, December 10th. UBS Group decreased their target price on Tronox from $3.90 to $3.80 and set a “neutral” rating on the stock in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $6.00 price target on shares of Tronox in a research note on Tuesday. Finally, Alembic Global Advisors restated an “overweight” rating and set a $6.00 price objective on shares of Tronox in a research report on Monday, September 15th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tronox presently has a consensus rating of “Hold” and a consensus target price of $5.18.

Tronox Stock Down 0.1%

TROX stock opened at $4.41 on Tuesday. Tronox has a one year low of $2.86 and a one year high of $10.83. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. The firm’s fifty day moving average is $3.71 and its 200 day moving average is $4.40. The firm has a market cap of $698.41 million, a PE ratio of -2.15 and a beta of 1.19.

Tronox (NYSE:TROX) last posted its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The firm had revenue of $699.00 million for the quarter, compared to analysts’ expectations of $776.21 million. During the same period in the previous year, the company earned ($0.13) earnings per share. The company’s revenue was down 13.1% compared to the same quarter last year. On average, research analysts forecast that Tronox will post 0.49 EPS for the current year.

Institutional Trading of Tronox

Several large investors have recently bought and sold shares of TROX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock valued at $497,000 after purchasing an additional 3,042 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Tronox by 48.9% during the 2nd 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 last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Tronox by 20.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 22,255 shares of the company’s stock valued at $89,000 after buying an additional 3,786 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Tronox by 2.6% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 151,576 shares of the company’s stock valued at $609,000 after buying an additional 3,828 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Tronox by 3.9% in the 1st quarter. Invesco Ltd. now owns 120,486 shares of the company’s stock valued at $848,000 after buying an additional 4,498 shares during the last quarter. Hedge funds and other institutional investors own 73.36% of the company’s stock.

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.