As of Wednesday, Tronox Holdings plc’s (NYSE:TROX) stock closed at $11.82, down from $12.42 the previous day. While Tronox Holdings plc has underperformed by -4.83%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, TROX fell by -49.05%, with highs and lows ranging from $26.33 to $12.21, whereas the simple moving average fell by -37.49% in the last 200 days.
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On September 19, 2022, BMO Capital Markets Downgraded Tronox Holdings plc (NYSE: TROX) to Market Perform. A report published by UBS on November 30, 2021, Upgraded its rating to ‘Buy’ for TROX. Deutsche Bank also rated TROX shares as ‘Buy’, setting a target price of $30 on the company’s shares in an initiating report dated October 14, 2021. BofA Securities Initiated an Buy rating on May 20, 2021, and assigned a price target of $28. Wells Fargo initiated its ‘Outperform’ rating for TROX, as published in its report on February 07, 2018. Morgan Stanley’s report from January 30, 2018 suggests a price prediction of $21 for TROX shares, giving the stock a ‘Equal-Weight’ rating. Barclays also rated the stock as ‘Overweight’.
Analysis of Tronox Holdings plc (TROX)
Investors in Tronox Holdings plc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $0.50 per share. Further, the quarter-over-quarter increase in sales is 1.90%, showing a positive trend in the upcoming months.
One of the most important indicators of Tronox Holdings plc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 28.20% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.00, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and TROX is recording 1.14M average volume. On a monthly basis, the volatility of the stock is set at 4.00%, whereas on a weekly basis, it is put at 4.94%, with a loss of -11.79% over the past seven days. Furthermore, long-term investors anticipate a median target price of $24.44, showing growth from the present price of $11.82, which can serve as yet another indication of whether TROX is worth investing in or should be passed over.
How Do You Analyze Tronox Holdings plc Shares?
The Chemicals market is dominated by Tronox Holdings plc (TROX) based in the USA. When comparing Tronox Holdings plc shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 3.21, there is a growth in quarterly earnings of 415.40%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.80%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in TROX shares?
The recent increase in stakes in TROX appears to be a result of several institutional investors and hedge funds increasing their positions. Fidelity Management & Research Co’s position in TROX has increased by 15.22% in the first quarter. The company now owns 16,867,714 shares of the stock, with a value of $246.77 million, following the purchase of 2,228,731 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in TROX during the first quarter, upping its stake by 5.18%. During the last quarter, the company dropped down 595,174 additional shares for a total stake of worth $176.68 million, bringing number of shares owned by the company to 12,076,620.
During the first quarter, BlackRock Fund Advisors subtracted a -81,746 position in TROX. Dimensional Fund Advisors LP purchased an additional 0.4 million shares in the last quarter, increasing its holdings by 6.69%, now holding 6.42 million shares worth $93.93 million. At the end of the first quarter, FIAM LLC increased its TROX holdings by 69.70% and now holds 3.2 million TROX shares valued at $46.82 million with the added 1.31 million shares during the period. TROX shares are owned by institutional investors to the tune of 68.80% at present.