Tronox (NYSE:TROX) Given New $8.00 Price Target at Truist Financial

Tronox (NYSE:TROX) had its price target raised by Truist Financial from $7.00 to $8.00 in a research note released on Thursday, Marketbeat.com reports. They currently have a buy rating on the stock.

A number of other analysts also recently issued reports on TROX. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 target price on shares of Tronox in a research report on Tuesday. Weiss Ratings reissued a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Mizuho boosted their price objective on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. UBS Group upped their price objective on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.03.

Tronox Stock Performance

NYSE TROX opened at $6.65 on Thursday. The company has a market capitalization of $1.05 billion, a PE ratio of -3.25 and a beta of 1.16. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. Tronox has a 52-week low of $2.86 and a 52-week high of $10.56. The company has a 50-day simple moving average of $4.79 and a 200 day simple moving average of $4.33.

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

Hedge Funds Weigh In On Tronox

Several hedge funds have recently bought and sold shares of TROX. AQR Capital Management LLC bought a new stake in Tronox during the 1st quarter worth approximately $1,188,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Tronox by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,574 shares of the company’s stock worth $497,000 after purchasing an additional 3,042 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Tronox by 12.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 366,203 shares of the company’s stock worth $2,578,000 after buying an additional 41,092 shares in the last quarter. Jane Street Group LLC boosted its stake in Tronox by 93.2% during the first quarter. Jane Street Group LLC now owns 118,637 shares of the company’s stock valued at $835,000 after buying an additional 57,237 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Tronox by 105.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 67,582 shares of the company’s stock valued at $377,000 after buying an additional 34,646 shares during the period. Hedge funds and other 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.