Truist Financial Forecasts Strong Price Appreciation for Tronox (NYSE:TROX) Stock

Tronox (NYSE:TROX) had its price objective upped by equities researchers at Truist Financial from $7.00 to $8.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Truist Financial’s target price would suggest a potential upside of 26.08% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $7.50 target price on shares of Tronox in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a report on Wednesday, January 21st. Mizuho increased their target price on Tronox from $3.00 to $3.50 and gave the company an “underperform” rating in a report on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 target price on shares of Tronox in a research report on Tuesday. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Tronox in a research report on Friday, October 3rd. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.03.

Tronox Stock Down 2.8%

Shares of TROX stock traded down $0.19 during mid-day trading on Thursday, hitting $6.35. The company’s stock had a trading volume of 1,326,986 shares, compared to its average volume of 3,501,052. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of -3.09 and a beta of 1.16. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.73 and a current ratio of 2.72. Tronox has a 52-week low of $2.86 and a 52-week high of $10.56. The business has a 50-day moving average price of $4.71 and a 200 day moving average price of $4.32.

Tronox (NYSE:TROX) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.25). The business had revenue of $699.00 million during the quarter, compared to the consensus estimate of $776.21 million. Tronox had a negative return on equity of 8.10% and a negative net margin of 11.39%.Tronox’s quarterly revenue was down 13.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) earnings per share. Research analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Institutional Trading of Tronox

Institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC bought a new position in Tronox in the 2nd quarter worth approximately $38,000. Caitong International Asset Management Co. Ltd purchased a new position in Tronox during the third quarter valued at $37,000. Public Employees Retirement System of Ohio boosted 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 during the last quarter. Westview Management dba Westview Investment Advisors purchased a new position in shares of Tronox during the fourth quarter valued at about $42,000. Finally, Pacific Sage Partners LLC purchased a new position in shares of Tronox during the fourth quarter valued at about $46,000. Hedge funds and other institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

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.