Truist Financial Forecasts Strong Price Appreciation for Tronox (NYSE:TROX) Stock

Tronox (NYSE:TROX) had its price target raised by analysts at Truist Financial from $5.00 to $7.00 in a report issued on Wednesday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 8.36% from the stock’s current price.

Several other brokerages have also commented on TROX. The Goldman Sachs Group boosted their price target on Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research note on Tuesday, December 16th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tronox in a report on Friday, October 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, October 8th. Mizuho upped their target price on shares of Tronox from $3.00 to $3.50 and gave the stock an “underperform” rating in a report on Wednesday, December 10th. Finally, UBS Group increased their target price on shares of Tronox from $3.80 to $5.25 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Five 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.53.

Tronox Price Performance

NYSE:TROX opened at $6.46 on Wednesday. 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 company has a 50-day moving average of $4.44 and a 200-day moving average of $4.30. Tronox has a 52 week low of $2.86 and a 52 week high of $10.60. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -3.15 and a beta of 1.16.

Tronox (NYSE:TROX) last posted its quarterly 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). The business had revenue of $699.00 million during the quarter, compared to analyst estimates of $776.21 million. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The business’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same period last year, the company earned ($0.13) EPS. As a group, equities research analysts anticipate that Tronox will post 0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Headlands Technologies LLC acquired a new stake in shares of Tronox in the 2nd quarter valued at $38,000. Caitong International Asset Management Co. Ltd bought a new position in Tronox in the third quarter valued at about $37,000. Public Employees Retirement System of Ohio increased 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 period. Westview Management dba Westview Investment Advisors acquired a new stake in Tronox in the fourth quarter worth about $42,000. Finally, Pacific Sage Partners LLC bought a new stake in Tronox during the 4th quarter worth about $46,000. Institutional investors and hedge funds 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.