TRONOX Ltd (TROX) Gets a Buy Rating from Alembic Global
Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX Ltd (TROX) today and set a price target of $19. The company’s shares closed on Friday at $12.34.
According to TipRanks.com, Ahmed has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.0% and a 35.2% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
TRONOX Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $15.40, implying a 24.8% upside from current levels. In a report issued on March 12, Barclays also maintained a Buy rating on the stock with a $15 price target.
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Based on TRONOX Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $429 million and GAAP net loss of $5 million. In comparison, last year the company earned revenue of $464 million and had a net profit of $0.
Based on the recent corporate insider activity of 48 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TROX in relation to earlier this year.
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Tronox Ltd. engages in the manufacture of titanium dioxide pigment. It operates titanium-bearing mineral sand mines and accompanying beneficiation and smelting operations in Australia and South Africa to produce feedstock materials that can then be used in the manufacturing process for its titanium dioxide pigment products. It also offers zircon and pig iron.