Alembic Global Reaffirms Their Buy Rating on TRONOX (TROX)

Alembic Global analyst Hassan Ahmed maintained a Buy rating on TRONOX (TROXResearch Report) today and set a price target of $31.00. The company’s shares closed last Wednesday at $18.42.

According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 10.1% and a 51.5% success rate. Ahmed covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Westlake Chemical, and Venator Materials.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TRONOX with a $29.67 average price target.

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Based on TRONOX’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $884 million and net profit of $83 million. In comparison, last year the company earned revenue of $783 million and had a net profit of $45 million.

Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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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