Barclays analyst Duffy Fischer maintained a Buy rating on TRONOX Ltd (TROX) yesterday and set a price target of $20. The company’s shares closed yesterday at $11.52, close to its 52-week low of $10.75.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 15.1% and a 54.5% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Axalta Coating Systems.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for TRONOX Ltd with a $20.20 average price target, which is a 75.3% upside from current levels. In a report issued on November 5, Alembic Global also maintained a Buy rating on the stock with a $35 price target.
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Based on TRONOX Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $456 million and net profit of $6 million. In comparison, last year the company earned revenue of $435 million and had a GAAP net loss of $14 million.
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Tronox Ltd. engages in mining, production, and marketing of inorganic minerals, and chemicals. It operates through the Titanium Dioxide (TiO2) pigment segment which includes pigment production facilities located in: Hamilton, Mississippi; Botlek, the Netherlands; and Kwinana, Western Australia; and its mining operations in KwaZulu-Natal Sands and Namakwa Sands both located in South Africa and Cooljarloo located in Western Australia. The company was founded on September 21, 2011 and is headquartered in Stamford, CT.
