Tronox (NYSE:TROX) Price Target Raised to $7.50

Tronox (NYSE:TROX) had its target price raised by research analysts at UBS Group from $5.25 to $7.50 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective indicates a potential upside of 5.12% from the stock’s previous close.

Several other analysts have also weighed in on TROX. The Goldman Sachs Group raised their price objective on Tronox from $5.50 to $7.50 and gave the company a “buy” rating in a research note on Thursday, January 29th. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a report on Friday, February 20th. Truist Financial upped their price target on shares of Tronox from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $8.00 price objective on shares of Tronox in a research note on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued 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 $6.30.

Tronox Price Performance

Shares of NYSE:TROX traded down $0.07 during midday trading on Thursday, hitting $7.14. The stock had a trading volume of 1,162,276 shares, compared to its average volume of 4,300,631. The company’s 50-day moving average price is $6.01 and its 200-day moving average price is $4.67. Tronox has a fifty-two week low of $2.86 and a fifty-two week high of $8.80. The company has a quick ratio of 0.73, a current ratio of 2.46 and a debt-to-equity ratio of 2.16. The company has a market capitalization of $1.13 billion, a P/E ratio of -2.41 and a beta of 1.18.

Tronox (NYSE:TROX) last announced its quarterly earnings data on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.17). The firm had revenue of $730.00 million during the quarter, compared to the consensus estimate of $730.22 million. Tronox had a negative net margin of 16.22% and a negative return on equity of 14.75%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.03 earnings per share. As a group, equities research analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Tronox

A number of large investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Tronox in the second quarter valued at $38,000. PNC Financial Services Group Inc. lifted its position in Tronox by 292.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,715 shares of the company’s stock valued at $36,000 after acquiring an additional 6,493 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Tronox during the 3rd quarter valued at about $37,000. Westview Management dba Westview Investment Advisors bought a new stake in Tronox during the 4th quarter worth approximately $42,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Tronox in the fourth quarter worth approximately $43,000. 73.36% of the stock is currently owned by institutional investors.

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.