Tronox (NYSE:TROX – Get Free Report) was upgraded by analysts at Truist Financial from a “sell” rating to a “hold” rating in a research report issued on Thursday,Benzinga reports. The firm presently has a $7.00 price target on the stock. Truist Financial’s target price would suggest a potential downside of 1.89% from the stock’s previous close.
Other analysts have also recently issued reports about the company. BMO Capital Markets reaffirmed a “market perform” rating on shares of Tronox in a report on Friday, February 20th. UBS Group upped their price objective on Tronox from $7.50 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Wall Street Zen cut Tronox from a “hold” rating to a “sell” rating in a report on Saturday, June 6th. Mizuho upped their price objective on Tronox from $4.50 to $5.00 and gave the stock an “underperform” rating in a report on Monday, March 23rd. Finally, Deutsche Bank Aktiengesellschaft set a $10.00 price objective on Tronox in a report on Wednesday, May 20th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $6.63.
Read Our Latest Research Report on Tronox
Tronox Stock Up 0.8%
Tronox (NYSE:TROX – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.55) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.07). Tronox had a negative return on equity of 19.93% and a negative net margin of 15.82%.The business had revenue of $760.00 million during the quarter, compared to analysts’ expectations of $751.38 million. During the same period in the prior year, the firm posted ($0.15) earnings per share. The firm’s revenue for the quarter was up 3.0% on a year-over-year basis. Research analysts predict that Tronox will post -1.17 EPS for the current fiscal year.
Institutional Trading of Tronox
Hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in Tronox by 292.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after buying an additional 6,493 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Tronox during the 3rd quarter valued at $37,000. Headlands Technologies LLC purchased a new stake in Tronox during the 2nd quarter valued at $38,000. Westview Management dba Westview Investment Advisors purchased a new stake in Tronox during the 4th quarter valued at $42,000. Finally, Aigen Investment Management LP bought a new position in Tronox in the 4th quarter valued at $43,000. Hedge funds and other 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.
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