Tronox Holdings plc (NYSE:TROX) Given Average Recommendation of “Buy” by Brokerages

Tronox Holdings plc (NYSE:TROXGet Rating) has been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $28.00.

A number of analysts recently weighed in on the stock. UBS Group lowered their target price on shares of Tronox from $32.00 to $31.00 and set a “buy” rating on the stock in a research note on Tuesday, January 4th. Zacks Investment Research cut shares of Tronox from a “buy” rating to a “hold” rating in a research note on Tuesday. Barclays upped their price objective on shares of Tronox from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, February 18th. StockNews.com began coverage on shares of Tronox in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tronox from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, February 25th.

In related news, CEO Jean Francois Turgeon sold 105,907 shares of the stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $16.15, for a total value of $1,710,398.05. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Timothy C. Carlson sold 73,405 shares of the stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $16.15, for a total transaction of $1,185,490.75. The disclosure for this sale can be found here. Insiders have sold 183,012 shares of company stock worth $2,955,570 over the last three months. 1.60% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Segantii Capital Management Ltd acquired a new stake in Tronox in the first quarter worth $31,550,000. Strs Ohio bought a new stake in shares of Tronox during the first quarter worth $249,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Tronox by 5.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,689 shares of the company’s stock worth $295,000 after acquiring an additional 802 shares in the last quarter. Virginia Retirement Systems ET AL increased its position in shares of Tronox by 38.7% during the first quarter. Virginia Retirement Systems ET AL now owns 50,900 shares of the company’s stock worth $1,007,000 after acquiring an additional 14,200 shares in the last quarter. Finally, Congress Asset Management Co. MA increased its position in shares of Tronox by 4.6% during the first quarter. Congress Asset Management Co. MA now owns 245,368 shares of the company’s stock worth $4,856,000 after acquiring an additional 10,816 shares in the last quarter. Institutional investors own 66.50% of the company’s stock.

Shares of TROX remained flat at $$17.91 during trading hours on Friday. 9,856 shares of the stock were exchanged, compared to its average volume of 1,251,246. The firm has a fifty day moving average of $19.50 and a two-hundred day moving average of $22.20. The firm has a market cap of $2.76 billion, a PE ratio of 10.13, a P/E/G ratio of 0.80 and a beta of 2.18. The company has a current ratio of 2.49, a quick ratio of 1.22 and a debt-to-equity ratio of 1.25. Tronox has a 1-year low of $15.54 and a 1-year high of $26.33.

Tronox (NYSE:TROXGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Tronox had a net margin of 8.01% and a return on equity of 18.39%. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Sell-side analysts predict that Tronox will post 3.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 8th. Stockholders of record on Monday, March 7th were paid a dividend of $0.125 per share. This is a boost from Tronox’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, March 4th. Tronox’s dividend payout ratio is 27.78%.

Tronox Company Profile (Get Rating)

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; titanium tetrachloride; and other products.

Further Reading

Analyst Recommendations for Tronox (NYSE:TROX)

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