Analysts Set Tronox Ltd (NYSE:TROX) Target Price at $15.67

Tronox Ltd (NYSE:TROX) has earned an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $15.67.

Several analysts have commented on the stock. BMO Capital Markets set a $18.00 price objective on shares of Tronox and gave the stock a “buy” rating in a research report on Monday, August 12th. TheStreet lowered shares of Tronox from a “c-” rating to a “d+” rating in a research report on Friday, October 11th. ValuEngine raised shares of Tronox from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research lowered shares of Tronox from a “buy” rating to a “hold” rating in a research report on Friday, October 18th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC bought a new stake in shares of Tronox in the second quarter valued at approximately $43,000. Tower Research Capital LLC TRC raised its position in shares of Tronox by 111.3% in the third quarter. Tower Research Capital LLC TRC now owns 7,078 shares of the company’s stock valued at $58,000 after purchasing an additional 3,728 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Tronox by 26.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,882 shares of the company’s stock valued at $75,000 after purchasing an additional 1,244 shares during the period. Public Employees Retirement Association of Colorado bought a new stake in shares of Tronox in the third quarter valued at approximately $88,000. Finally, PARK CIRCLE Co bought a new stake in shares of Tronox in the second quarter valued at approximately $96,000. 57.05% of the stock is currently owned by institutional investors.

TROX stock traded up $0.24 during mid-day trading on Thursday, hitting $11.38. The company had a trading volume of 1,196,754 shares, compared to its average volume of 1,069,253. The firm has a market cap of $1.58 billion, a PE ratio of 20.32 and a beta of 3.37. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.62 and a current ratio of 3.26. Tronox has a 12 month low of $6.46 and a 12 month high of $15.50. The stock’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $10.01.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.15 by $0.06. The business had revenue of $768.00 million for the quarter, compared to analyst estimates of $797.64 million. Tronox had a negative net margin of 4.79% and a positive return on equity of 6.56%. The company’s revenue for the quarter was up 68.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 earnings per share. Equities analysts anticipate that Tronox will post 0.45 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 19th will be given a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Monday, November 18th. Tronox’s dividend payout ratio (DPR) is currently 32.14%.

About Tronox

Tronox Holdings plc engages in the mining, production, and marketing of inorganic minerals and chemicals in North America, South and Central America, Europe, the Middle East, Africa, and the Asia Pacific. It mines and processes titanium ore, zircon, and other minerals; and manufactures titanium dioxide pigments that add brightness and durability to paints, plastics, paper, and other everyday products.

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Analyst Recommendations for Tronox (NYSE:TROX)

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