Tronox Holdings PLC (NYSE:TROX) Receives $4.99 Average PT from Analysts
by Michael Walen · The Markets DailyShares of Tronox Holdings PLC (NYSE:TROX – Get Free Report) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $4.9889.
Several research analysts have issued reports on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Tronox in a report on Wednesday, October 8th. The Goldman Sachs Group lowered their price target on shares of Tronox from $7.00 to $4.50 and set a “buy” rating for the company in a report on Thursday, August 7th. Alembic Global Advisors reiterated an “overweight” rating and issued a $6.00 price objective on shares of Tronox in a research note on Monday, September 15th. UBS Group lifted their price objective on shares of Tronox from $3.60 to $3.90 and gave the company a “neutral” rating in a research note on Monday, October 6th. Finally, Truist Financial lowered their price objective on shares of Tronox from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, October 20th.
Read Our Latest Stock Analysis on TROX
Insider Buying and Selling
In related news, Director Stephen J. Jones acquired 8,000 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $3.19 per share, for a total transaction of $25,520.00. Following the purchase, the director directly owned 51,000 shares of the company’s stock, valued at $162,690. The trade was a 18.60% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jean Francois Turgeon acquired 31,150 shares of the stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $3.21 per share, with a total value of $99,991.50. Following the purchase, the director directly owned 772,572 shares in the company, valued at $2,479,956.12. This represents a 4.20% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 184,750 shares of company stock worth $579,714 over the last ninety days. 1.70% of the stock is owned by company insiders.
Institutional Trading of Tronox
Hedge funds have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new stake in Tronox in the 2nd quarter valued at $38,000. Public Employees Retirement System of Ohio grew its position in Tronox by 48.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock valued at $50,000 after purchasing an additional 3,231 shares during the period. Amplius Wealth Advisors LLC acquired a new stake in Tronox in the 2nd quarter valued at $64,000. Focus Partners Advisor Solutions LLC acquired a new stake in Tronox in the 2nd quarter valued at $64,000. Finally, Nisa Investment Advisors LLC grew its position in Tronox by 763.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 9,127 shares of the company’s stock valued at $65,000 after purchasing an additional 8,070 shares during the period. Institutional investors and hedge funds own 73.36% of the company’s stock.
Tronox Stock Down 0.7%
Tronox stock opened at $3.81 on Friday. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.52 and a current ratio of 2.10. Tronox has a 52-week low of $2.95 and a 52-week high of $13.14. The firm has a 50 day moving average price of $4.16 and a two-hundred day moving average price of $4.81. The firm has a market cap of $603.17 million, a price-to-earnings ratio of -2.41 and a beta of 1.28.
Tronox (NYSE:TROX – Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.24). Tronox had a negative return on equity of 4.83% and a negative net margin of 8.48%.The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $802.03 million. During the same quarter in the previous year, the business posted $0.07 EPS. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. Tronox has set its FY 2025 guidance at EPS. Equities analysts predict that Tronox will post 0.49 EPS for the current year.
Tronox Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Monday, August 11th were paid a $0.05 dividend. The ex-dividend date was Monday, August 11th. This represents a $0.20 annualized dividend and a dividend yield of 5.3%. Tronox’s payout ratio is currently -12.66%.
About Tronox
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.
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