In a report released today, Vincent Andrews from Morgan Stanley maintained a Hold rating on TRONOX Ltd (NYSE: TROX), with a price target of $16. The company’s shares closed yesterday at $12.91, close to its 52-week low of $12.41.
According to TipRanks.com, Andrews is a 2-star analyst with an average return of 1.3% and a 74.4% success rate. Andrews covers the Consumer Goods sector, focusing on stocks such as Venator Materials Plc, RPM International, and Chemours Company.
Currently, the analyst consensus on TRONOX Ltd is a Strong Buy with an average price target of $25.40.
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The company has a one-year high of $28.40 and a one-year low of $12.41. Currently, TRONOX Ltd has an average volume of 1.52M.
Based on the recent corporate insider activity of 47 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.
