In a report released yesterday, Duffy Fischer from Barclays maintained a Buy rating on TRONOX Ltd (TROX), with a price target of $12. The company’s shares closed yesterday at $9.16.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 13.1% and a 51.3% 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 Moderate Buy analyst consensus rating for TRONOX Ltd with a $16.33 average 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 $464 million and had a net profit of $0.
Based on the recent corporate insider activity of 54 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 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.
