Barclays Sticks to Their Buy Rating for TRONOX Ltd (TROX)


In a report issued on August 8, Duffy Fischer from Barclays maintained a Buy rating on TRONOX Ltd (TROX), with a price target of $13. The company’s shares closed on Friday at $8.61.

According to TipRanks.com, Fischer is a 4-star analyst with an average return of 9.3% and a 53.9% success rate. Fischer covers the Consumer Goods sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Element Solutions Inc.

TRONOX Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $15.67, implying an 82.0% upside from current levels. In a report issued on August 6, Alembic Global also reiterated 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 June 30, the company reported a quarterly revenue of $791 million and GAAP net loss of $62 million. In comparison, last year the company earned revenue of $492 million and had a net profit of $36 million.

Based on the recent corporate insider activity of 56 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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