Tronox’s (TROX) “Buy” Rating Reaffirmed at J P Morgan Chase & Co
Tronox (OTCMKTS:TROX)‘s stock had its “buy” rating restated by stock analysts at J P Morgan Chase & Co in a report released on Wednesday. They currently have a $23.00 price target on the basic materials company’s stock.
A number of other equities analysts have also recently issued reports on the stock. BidaskClub cut shares of Tronox from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 28th. Alembic Global Advisors restated a “buy” rating and issued a $35.00 price objective on shares of Tronox in a research note on Monday, November 20th. Vertical Research started coverage on shares of Tronox in a research note on Monday, October 23rd. They issued a “buy” rating for the company. Finally, UBS increased their price objective on shares of Tronox from $16.00 to $17.00 and gave the company a “sell” rating in a research note on Friday, October 13th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $25.33.
Tronox (OTCMKTS:TROX) last released its earnings results on Wednesday, November 8th. The basic materials company reported $0.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million for the quarter, compared to analyst estimates of $436.92 million. Tronox’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.34) earnings per share.
Tronox Company Profile
Tronox Limited is engaged in production and marketing of titanium bearing mineral sands and titanium dioxide pigment (TiO2). The Company’s TiO2 products are critical components of everyday applications, such as coatings, plastics, paper and other applications. The Company’s mineral sands business consists primarily of two product streams: titanium feedstock and zircon.
Receive News & Ratings for Tronox Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tronox Ltd and related companies with MarketBeat.com's FREE daily email newsletter.