According to TipRanks.com, Ahmed is a 5-star analyst with an average return of 11.3% and a 53.6% 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, a 54.7% upside from current levels. In a report issued on April 7, UBS also maintained a Buy rating on the stock with a $29.00 price target.
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.
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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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