tiprankstipranks
Blurbs

Barclays Thinks TRONOX’s Stock is Going to Recover

In a report issued on August 1, Michael Leithead from Barclays maintained a Buy rating on TRONOX (TROXResearch Report), with a price target of $21.00. The company’s shares closed last Tuesday at $15.52, close to its 52-week low of $14.83.

According to TipRanks.com, Leithead is a 3-star analyst with an average return of 4.1% and a 50.5% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Air Products and Chemicals, Sherwin-Williams Company, and Ardagh Metal Packaging.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TRONOX with a $22.83 average price target, implying a 45.7% upside from current levels. In a report issued on July 28, Deutsche Bank also reiterated a Buy rating on the stock with a $20.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on TRONOX’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $965 million and net profit of $16 million. In comparison, last year the company earned revenue of $927 million and had a net profit of $73 million.

Based on the recent corporate insider activity of 31 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.

Read More on TROX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More