Tronox (NYSE:TROX) Price Target Cut to $15.00 by Analysts at UBS Group

Tronox (NYSE:TROX) had its price objective cut by UBS Group from $16.00 to $15.00 in a research note published on Thursday,Benzinga reports. They currently have a buy rating on the stock.

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

Tronox Stock Performance

Shares of Tronox stock opened at $7.81 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 2.72 and a quick ratio of 0.90. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -16.26 and a beta of 1.60. The stock’s 50-day moving average is $10.04 and its 200-day moving average is $11.96. Tronox has a one year low of $7.72 and a one year high of $20.70.

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

Hedge Funds Weigh In On Tronox

A number of large investors have recently made changes to their positions in TROX. Northern Trust Corp increased its position in Tronox by 4.9% during the 4th quarter. Northern Trust Corp now owns 1,155,105 shares of the company’s stock worth $11,632,000 after buying an additional 54,331 shares during the period. Oxford Asset Management LLP bought a new stake in shares of Tronox during the 4th quarter valued at approximately $142,000. Voya Investment Management LLC boosted its position in Tronox by 3.1% during the 4th quarter. Voya Investment Management LLC now owns 317,443 shares of the company’s stock worth $3,197,000 after buying an additional 9,403 shares during the period. Dark Forest Capital Management LP bought a new position in Tronox during the 4th quarter worth approximately $117,000. Finally, Stifel Financial Corp lifted its position in shares of Tronox by 1.9% in the 4th quarter. Stifel Financial Corp now owns 101,264 shares of the company’s stock worth $1,020,000 after purchasing an additional 1,891 shares during the period. Institutional investors own 73.36% of the company’s stock.

Tronox Company Profile

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.