UBS Group Lowers Tronox (NYSE:TROX) Price Target to $15.00

Tronox (NYSE:TROX) had its target price reduced by investment analysts at UBS Group from $16.00 to $15.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 69.01% from the stock’s current price.

A number of other research firms also recently issued reports on TROX. Truist Financial began coverage on Tronox in a research report on Tuesday, January 28th. They set a “buy” rating and a $17.00 price target for the company. Barclays lowered their price target on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. The Goldman Sachs Group decreased their target price on Tronox from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Morgan Stanley decreased their target price on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, BMO Capital Markets decreased their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, October 29th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Tronox Trading Down 9.7 %

Tronox stock traded down $0.96 during trading on Thursday, hitting $8.88. The company’s stock had a trading volume of 501,183 shares, compared to its average volume of 1,208,352. The stock’s fifty day moving average is $10.17 and its 200 day moving average is $12.08. Tronox has a 1-year low of $8.29 and a 1-year high of $20.70. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.90 and a current ratio of 2.72. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -18.49 and a beta of 1.60.

Tronox (NYSE:TROX) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Tronox had a negative net margin of 2.40% and a negative return on equity of 3.91%. As a group, equities research analysts predict that Tronox will post -0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio purchased a new position in Tronox in the third quarter valued at about $66,000. KBC Group NV boosted its holdings in Tronox by 59.4% in the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock valued at $70,000 after purchasing an additional 2,590 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Tronox by 34.6% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 6,548 shares of the company’s stock valued at $96,000 after purchasing an additional 1,683 shares during the last quarter. Atria Investments Inc purchased a new position in Tronox in the fourth quarter valued at about $112,000. Finally, Cibc World Markets Corp purchased a new position in Tronox in the fourth quarter valued at about $112,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

About Tronox

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.