Tronox (NYSE:TROX) Price Target Raised to $8.00

Tronox (NYSE:TROX) had its price target hoisted by Truist Financial from $7.00 to $8.00 in a research note issued to investors on Thursday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

TROX has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $8.00 price objective on shares of Tronox in a research report on Tuesday. Mizuho boosted their price target on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a report on Wednesday, December 10th. The Goldman Sachs Group upped their price target on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research note on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Tronox currently has an average rating of “Hold” and a consensus price target of $6.03.

Tronox Trading Down 8.7%

Tronox stock opened at $6.07 on Thursday. Tronox has a 52-week low of $2.86 and a 52-week high of $10.56. The company has a market cap of $962.40 million, a P/E ratio of -2.96 and a beta of 1.16. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. The business has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $4.33.

Tronox (NYSE:TROX) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The business had revenue of $699.00 million during the quarter, compared to analysts’ expectations of $776.21 million. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.The business’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.13) EPS. Analysts predict that Tronox will post 0.49 EPS for the current year.

Institutional Investors Weigh In On Tronox

Institutional investors and hedge funds have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Tronox during the third quarter worth $37,000. Headlands Technologies LLC bought a new position in shares of Tronox during the 2nd quarter valued at about $38,000. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox during the fourth quarter valued at about $42,000. Pacific Sage Partners LLC bought a new stake in shares of Tronox in the fourth quarter worth about $46,000. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Tronox by 48.9% in the second quarter. Public Employees Retirement System of Ohio now owns 9,844 shares of the company’s stock worth $50,000 after buying an additional 3,231 shares in the last quarter. Institutional investors own 73.36% of the company’s stock.

About Tronox

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.