TRONOX Ltd (TROX) Received its Third Buy in a Row


After BMO Capital and Alembic Global gave TRONOX Ltd (NYSE: TROX) a Buy rating last month, the company received another Buy, this time from Barclays. Analyst Duffy Fischer maintained a Buy rating on TRONOX Ltd yesterday and set a price target of $17. The company’s shares closed yesterday at $13.

According to TipRanks.com, Fischer is a 4-star analyst with an average return of 14.4% and a 60.9% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.

Currently, the analyst consensus on TRONOX Ltd is a Moderate Buy with an average price target of $16, which is a 23.1% upside from current levels. In a report issued on March 25, Alembic Global also maintained a Buy rating on the stock with a $19 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 $442 million and had a GAAP net loss of $44 million.

Based on the recent corporate insider activity of 45 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Tronox Holdings Plc engages in the mining and inorganic chemical business. Its products include Titanium Dioxide Mineral Sands. The firm also mines and processes titanium ore, zircon and other minerals, and manufactures titanium dioxide pigments. The company was founded in March 2012 and is headquartered in Stamford, CT.

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