Tronox (NYSE:TROX) Now Covered by Truist Financial

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

TROX has been the topic of a number of other research reports. The Goldman Sachs Group dropped their target price on Tronox from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Barclays dropped their target price on Tronox from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, October 28th. Morgan Stanley dropped 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 dropped their target price on Tronox from $21.00 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 29th. Finally, UBS Group raised Tronox from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.00 to $19.00 in a research report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.57.

Tronox Trading Up 0.7 %

NYSE:TROX opened at $10.36 on Tuesday. 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 stock has a market capitalization of $1.64 billion, a PE ratio of -21.59 and a beta of 1.62. The business’s 50-day simple moving average is $10.55 and its 200-day simple moving average is $12.49.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP increased its holdings in shares of Tronox by 98.6% during the 3rd quarter. Quantbot Technologies LP now owns 174,922 shares of the company’s stock worth $2,559,000 after acquiring an additional 86,852 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Tronox by 20.8% during the 3rd quarter. Royce & Associates LP now owns 493,543 shares of the company’s stock worth $7,221,000 after acquiring an additional 84,830 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Tronox by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,713,606 shares of the company’s stock worth $39,708,000 after acquiring an additional 22,165 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Tronox by 54.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,537,723 shares of the company’s stock worth $22,497,000 after acquiring an additional 543,091 shares during the last quarter. Finally, Atom Investors LP increased its holdings in shares of Tronox by 72.9% during the 3rd quarter. Atom Investors LP now owns 125,790 shares of the company’s stock worth $1,840,000 after acquiring an additional 53,034 shares during the last quarter. Institutional investors and hedge funds own 73.36% of the company’s stock.

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.