Credit Suisse Group Boosts Tronox Holdings Target Price to $12.00
August 1, 2023
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Credit Suisse Group recently released a research report boosting their target price for Tronox Holdings ($NYSE:TROX) to $12.00 from $10.00. Tronox Holdings is a global mining and inorganic chemical company that produces titanium ore, titanium dioxide, and other specialty chemicals. The company’s product portfolio also includes key minerals, such as zircon and natural rutile. The company manufactures and sells pigment and performance chemicals made from titanium ore and other minerals and is a provider of products used in everyday items such as plastics, paper, and cosmetics. The company has been investing heavily in research and development to create more innovative products and recently announced a new joint venture with China-based Yabao Group. This recent target price increase from Credit Suisse Group comes as a result of the company’s strong financial performance in the last quarter.
In addition, the report mentioned that Tronox Holdings is expected to benefit from a recovery in the titanium dioxide market due to global economic growth. Analysts also noted that Tronox Holdings’ ongoing investments in research and development and strategic partnerships have enabled the company to become a leader in its field. As a result, they believe that this target price increase is justified, given the company’s current position in the titanium dioxide market.
Stock Price
Monday saw TRONOX HOLDINGS stock open at $13.6 and close at $13.3, a decrease of 2.1% from the prior closing price of $13.6. This target price boost was driven by their belief that the company’s stock is undervalued relative to its peers. Credit Suisse Group also mentioned that this increase in the target price of TRONOX HOLDINGS could be a sign of potential upside for investors in the near future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tronox Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 3.05k | -140 | -4.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tronox Holdings. More…
| Operations | Investing | Financing |
| 434 | -359 | -15 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tronox Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.05k | 3.97k | 13.02 |
Key Ratios Snapshot
Some of the financial key ratios for Tronox Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.3% | 13.8% | 11.1% |
| FCF Margin | ROE | ROA |
| 2.0% | 9.6% | 3.5% |
Analysis
At GoodWhale, we took a close look at the fundamentals of TRONOX HOLDINGS and conducted an analysis of the company. Based on our Risk Rating, we have concluded that TRONOX HOLDINGS is a medium risk investment in terms of financial and business aspects. During our analysis, we detected two risk warnings in the company’s income sheet and balance sheet. If you would like to learn more about our findings, please register with us and we will be happy to provide you with the information. More…
Peers
The company has strong competition from Hartalega Holdings Bhd, WD-40 Co, and Iofina PLC, all of which offer similar products and services. Despite the strong competition, Tronox Holdings PLC has managed to remain a leader in its industry thanks to its commitment to innovation and customer service.
– Hartalega Holdings Bhd ($KLSE:5168)
Hartalega Holdings Bhd is a Malaysian-based glove manufacturer that produces various types of gloves for medical, industrial and food service use. As of 2023, the company has a market capitalization of 5.33 billion and a Return on Equity (ROE) of 9.26%, indicating that the company is generating a good return on its investments. The company has been able to achieve such high returns due to its efficient operations, management and sales strategies. Its ability to remain competitive in the market has made it one of the leading glove manufacturers in Malaysia.
– WD-40 Co ($NASDAQ:WDFC)
WD-40 Co is a multinational corporation that specializes in the production of lubricants, cleaners, and degreasers. It has a current market cap of 2.37 billion, making it one of the largest publicly traded companies in its industry. WD-40 Co’s return on equity over the last year has been 26.96%, indicating that the company is efficiently utilizing its assets to generate a return on investment. This high return on equity and sizable market cap are indicative of WD-40 Co’s strong and profitable operations.
– Iofina PLC ($LSE:IOF)
Iofina PLC is a specialty chemical company that produces iodine, iodide and derivatives. The company has a market capitalization of 47.01M as of 2023 and a return on equity of 9.17%. This market capitalization indicates that the company has a large presence in the market, and a return on equity of 9.17% shows that it is making a good return on its investments. The company is well-positioned to continue to grow and expand its business.
Summary
Investment analysts have published a favorable outlook for TRONOX HOLDINGS, having recently upgraded their target price from $10.00 to $12.00. This is a strong indication that the stock is expected to appreciate in value in the near future. Analysts recommended buying the stock or holding it if currently owned. Investors are also advised to keep close watch on the company’s performance, financial strength, and industry trends when making investing decisions.
