Tronox (NYSE:TROX) Stock Price Expected to Rise, UBS Group Analyst Says

Tronox (NYSE:TROX) had its price objective lifted by research analysts at UBS Group from $5.25 to $7.50 in a report released on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price points to a potential upside of 0.47% from the company’s previous close.

Other research analysts have also issued reports about the stock. BMO Capital Markets reiterated a “market perform” rating on shares of Tronox in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $8.00 price target on shares of Tronox in a research note on Tuesday, January 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Tronox in a research report on Wednesday, January 21st. Mizuho set a $4.00 price objective on Tronox in a report on Thursday, February 19th. Finally, The Goldman Sachs Group upped their target price on Tronox from $5.50 to $7.50 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.30.

Tronox Stock Up 4.3%

TROX stock opened at $7.47 on Thursday. The company’s 50 day moving average is $6.13 and its 200 day moving average is $4.72. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -2.51 and a beta of 1.18. The company has a current ratio of 2.46, a quick ratio of 0.73 and a debt-to-equity ratio of 2.16. Tronox has a 1-year low of $2.86 and a 1-year high of $8.80.

Tronox (NYSE:TROX) last announced its earnings results on Wednesday, February 18th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.43) by ($0.17). The company had revenue of $730.00 million for 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 company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Sell-side analysts predict that Tronox will post 0.49 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TROX. 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 last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Tronox in the third quarter valued at about $37,000. Headlands Technologies LLC purchased a new position in shares of Tronox in the second quarter valued at about $38,000. Westview Management dba Westview Investment Advisors bought a new position in shares of Tronox during the fourth quarter valued at about $42,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Tronox during the fourth quarter worth about $43,000. 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.