Tronox (NYSE:TROX) Price Target Raised to $5.50

Tronox (NYSE:TROX) had its price target increased by The Goldman Sachs Group from $4.25 to $5.50 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 27.76% from the stock’s current price.

Several other analysts also recently issued reports on the stock. UBS Group lowered their price objective on shares of Tronox from $3.90 to $3.80 and set a “neutral” rating for the company in a research report on Tuesday, November 11th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Tronox in a report on Friday, October 3rd. Alembic Global Advisors restated an “overweight” rating and set a $6.00 price target on shares of Tronox in a research report on Monday, September 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $6.00 target price on shares of Tronox in a research note on Tuesday. Finally, Truist Financial dropped their price target on shares of Tronox from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Monday, October 20th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Tronox presently has a consensus rating of “Hold” and a consensus price target of $5.18.

Tronox Stock Performance

NYSE TROX traded down $0.13 during trading on Tuesday, reaching $4.31. The company’s stock had a trading volume of 1,155,769 shares, compared to its average volume of 3,424,413. The business’s fifty day moving average price is $3.69 and its 200-day moving average price is $4.41. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. The firm has a market cap of $682.57 million, a price-to-earnings ratio of -2.10 and a beta of 1.19. Tronox has a twelve month low of $2.86 and a twelve month high of $10.83.

Tronox (NYSE:TROX) last released its quarterly earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.25). The company had revenue of $699.00 million during the quarter, compared to analyst estimates 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 revenue was down 13.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.13) earnings per share. As a group, analysts anticipate that Tronox will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Tronox during the third quarter worth $37,000. Headlands Technologies LLC acquired a new stake in Tronox during the 2nd quarter worth $38,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Tronox by 48.9% during 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 in the last quarter. Equitable Holdings Inc. bought a new position in Tronox in the third quarter valued at approximately $51,000. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Tronox in the third quarter valued at about $51,000. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

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.