Tronox (NYSE:TROX) Price Target Raised to $7.00 at Truist Financial

Tronox (NYSE:TROX) had its price target hoisted by stock analysts at Truist Financial from $5.00 to $7.00 in a research note issued on Wednesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 26.24% from the stock’s current price.

A number of other research firms also recently weighed in on TROX. The Goldman Sachs Group lifted their price target on shares of Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $6.00 target price on shares of Tronox in a research report on Tuesday, December 16th. UBS Group lifted their price objective on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a research note on Monday, January 12th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a research note on Friday, October 3rd. Finally, Mizuho lifted their price target on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a research note on Wednesday, December 10th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.53.

Tronox Stock Performance

Shares of TROX stock opened at $5.55 on Wednesday. The company has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.27. Tronox has a one year low of $2.86 and a one year high of $10.60. The stock has a market cap of $879.16 million, a P/E ratio of -2.70 and a beta of 1.16. The company has a debt-to-equity ratio of 1.97, a current ratio of 2.72 and a quick ratio of 0.73.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, November 6th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.25). Tronox had a negative net margin of 11.39% and a negative return on equity of 8.10%. The firm had revenue of $699.00 million during the quarter, compared to analyst estimates of $776.21 million. During the same quarter last year, the business posted ($0.13) earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis. As a group, equities analysts predict that Tronox will post 0.49 EPS for the current year.

Institutional Trading of Tronox

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Tronox by 203.0% in the third quarter. Van ECK Associates Corp now owns 6,534,894 shares of the company’s stock worth $26,270,000 after purchasing an additional 4,378,023 shares in the last quarter. Primecap Management Co. CA grew its stake in Tronox by 192.2% in the 2nd quarter. Primecap Management Co. CA now owns 4,252,502 shares of the company’s stock valued at $21,560,000 after buying an additional 2,797,002 shares in the last quarter. Shah Capital Management raised its holdings in Tronox by 650.0% during the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after acquiring an additional 2,600,000 shares during the period. CenterBook Partners LP purchased a new stake in shares of Tronox during the third quarter worth $6,552,000. Finally, Bank of America Corp DE boosted its holdings in shares of Tronox by 199.3% in the third quarter. Bank of America Corp DE now owns 2,059,052 shares of the company’s stock worth $8,277,000 after acquiring an additional 1,371,158 shares during the period. 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.