Barclays analyst Duffy Fischer maintained a Buy rating on TRONOX Ltd (NYSE: TROX) today and set a price target of $24. The company’s shares closed on Friday at $16.95, close to its 52-week low of $16.50.
According to TipRanks.com, Fischer is a 4-star analyst with an average return of 18.8% and a 63.2% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Venator Materials Plc.
Currently, the analyst consensus on TRONOX Ltd is a Strong Buy with an average price target of $28.50, implying a 68.1% upside from current levels. In a report issued on July 31, SunTrust Robinson also initiated coverage with a Buy rating on the stock with a $24 price target.
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Based on TRONOX Ltd’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $492 million and net profit of $36 million. In comparison, last year the company earned revenue of $622 million and had a net profit of $3 million.
Based on the recent corporate insider activity of 49 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 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.
