Tronox (NYSE:TROX) Given New $7.00 Price Target at Truist Financial

Tronox (NYSE:TROX) had its price objective hoisted by equities researchers at Truist Financial from $5.00 to $7.00 in a report issued on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price indicates a potential upside of 26.24% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. UBS Group boosted their price target on shares of Tronox from $3.80 to $5.25 and gave the company a “neutral” rating in a report on Monday, January 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $6.00 target price on shares of Tronox in a report on Tuesday, December 16th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tronox in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Tronox in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group boosted their price objective on Tronox from $4.25 to $5.50 and gave the company a “buy” rating in a research report on Tuesday, December 16th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.53.

Tronox Stock Performance

TROX stock opened at $5.55 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 2.72 and a debt-to-equity ratio of 1.97. Tronox has a twelve month low of $2.86 and a twelve month high of $10.60. The business’s fifty day moving average is $4.33 and its 200-day moving average is $4.27. The company has a market cap of $879.16 million, a P/E ratio of -2.70 and a beta of 1.16.

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

Institutional Trading of Tronox

Institutional investors have recently made changes to their positions in the business. Pacific Sage Partners LLC bought a new position in Tronox in the fourth quarter valued at $46,000. Shah Capital Management grew its holdings in shares of Tronox by 650.0% in the 4th quarter. Shah Capital Management now owns 3,000,000 shares of the company’s stock valued at $12,510,000 after acquiring an additional 2,600,000 shares in the last quarter. Westview Management dba Westview Investment Advisors acquired a new stake in shares of Tronox in the fourth quarter valued at about $42,000. CIBC Bancorp USA Inc. bought a new stake in Tronox during the third quarter worth about $51,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Tronox during the third quarter worth about $37,000. 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.