Tronox (NYSE:TROX) Research Coverage Started at Truist Financial

Truist Financial began coverage on shares of Tronox (NYSE:TROX) in a research note issued to investors on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $17.00 price target on the stock.

TROX has been the subject of a number of other research reports. 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. BMO Capital Markets reduced 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. Barclays reduced their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, October 28th. Morgan Stanley dropped their price objective on Tronox from $16.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Finally, UBS Group upgraded Tronox from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.00 to $19.00 in a research note on Thursday, October 10th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.57.

Tronox Price Performance

Shares of TROX opened at $10.36 on Tuesday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of -21.59 and a beta of 1.62. Tronox has a fifty-two week low of $8.73 and a fifty-two week high of $20.70. 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 business’s 50-day moving average is $10.55 and its 200-day moving average is $12.49.

Institutional Trading of Tronox

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in Tronox during the third quarter worth about $66,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Tronox during the second quarter worth about $76,000. KBC Group NV boosted its holdings in Tronox by 59.4% during the fourth quarter. KBC Group NV now owns 6,949 shares of the company’s stock worth $70,000 after buying an additional 2,590 shares during the last quarter. nVerses Capital LLC boosted its holdings in Tronox by 35.1% during the third quarter. nVerses Capital LLC now owns 10,400 shares of the company’s stock worth $152,000 after buying an additional 2,700 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Tronox during the third quarter worth about $190,000. 73.36% of the stock is currently owned by institutional investors and hedge funds.

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.