Tronox (NYSE:TROX) Price Target Cut to $9.00 by Analysts at Mizuho

by · The Cerbat Gem

Tronox (NYSE:TROX – Free Report) had its price target trimmed by Mizuho from $11.00 to $9.00 in a report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities research analysts have also commented on the stock. The Goldman Sachs Group reduced their price target on shares of Tronox from $13.00 to $11.50 and set a “buy” rating for the company in a research report on Wednesday, February 26th. UBS Group decreased their price target on Tronox from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Truist Financial lowered their target price on shares of Tronox from $17.00 to $14.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.50.

View Our Latest Stock Report on TROX

Tronox Stock Down 1.8 %

NYSE:TROX opened at $6.82 on Thursday. The firm has a market cap of $1.08 billion, a P/E ratio of -21.98 and a beta of 1.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.90 and a current ratio of 2.47. The firm has a 50-day simple moving average of $8.99 and a two-hundred day simple moving average of $11.20. Tronox has a fifty-two week low of $6.64 and a fifty-two week high of $20.70.

Tronox (NYSE:TROX – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.03). Tronox had a negative return on equity of 0.63% and a negative net margin of 1.56%. Analysts predict that Tronox will post 0.49 earnings per share for the current fiscal year.

Tronox Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Monday, March 3rd will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.34%. Tronox’s dividend payout ratio is presently -161.29%.

Institutional Investors Weigh In On Tronox

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock worth $96,000 after purchasing an additional 1,683 shares during the last quarter. Stifel Financial Corp boosted its stake in Tronox by 1.9% in the fourth quarter. Stifel Financial Corp now owns 101,264 shares of the company’s stock valued at $1,020,000 after acquiring an additional 1,891 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Tronox by 3.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 67,532 shares of the company’s stock worth $680,000 after purchasing an additional 2,201 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Tronox by 9.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,548 shares of the company’s stock worth $399,000 after acquiring an additional 2,488 shares in the last quarter. Finally, KBC Group NV grew its position in Tronox by 59.4% during the 4th quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after purchasing an additional 2,590 shares during the last quarter. 73.36% of the stock is currently owned by hedge funds and other institutional investors.

Tronox Company Profile

(Get Free Report)

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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