Tronox Holdings PLC (NYSE:TROX) Receives Average Recommendation of “Reduce” from Analysts

Tronox Holdings PLC (NYSE:TROX) has been assigned an average rating of “Reduce” from the eleven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $6.7857.

Several research analysts have commented on TROX shares. Wall Street Zen cut shares of Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. UBS Group raised their price objective on shares of Tronox from $7.50 to $9.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Deutsche Bank Aktiengesellschaft set a $10.00 price objective on shares of Tronox in a research report on Wednesday, May 20th. Truist Financial upgraded shares of Tronox from a “sell” rating to a “hold” rating and set a $7.00 target price for the company in a research note on Thursday, June 11th. Finally, The Goldman Sachs Group cut their price target on Tronox from $9.00 to $6.50 and set a “sell” rating on the stock in a research note on Wednesday.

Institutional Investors Weigh In On Tronox

Several hedge funds and other institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. boosted 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 purchasing an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Tronox in the third quarter valued at approximately $37,000. Headlands Technologies LLC acquired a new stake in Tronox during the second quarter worth approximately $38,000. Aigen Investment Management LP acquired a new stake in Tronox during the fourth quarter worth approximately $43,000. Finally, Pacific Sage Partners LLC acquired a new stake in Tronox during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 73.36% of the company’s stock.

Tronox Stock Performance

Shares of Tronox stock opened at $6.22 on Monday. Tronox has a one year low of $2.86 and a one year high of $10.59. The company has a market cap of $993.01 million, a PE ratio of -2.13 and a beta of 0.80. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.66 and a current ratio of 2.42. The business has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $7.52.

Tronox (NYSE:TROX) last released its earnings results on Wednesday, May 6th. The company reported ($0.55) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). The firm had revenue of $760.00 million for the quarter, compared to analysts’ expectations of $751.38 million. Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The firm’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) earnings per share. On average, equities research analysts forecast that Tronox will post -1.27 EPS for the current fiscal year.

Tronox Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, May 11th were issued a $0.05 dividend. The ex-dividend date was Monday, May 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. Tronox’s dividend payout ratio is presently -6.85%.

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.