Tronox (TROX) Coverage Initiated by Analysts at Barclays
Equities researchers at Barclays began coverage on shares of Tronox (OTCMKTS:TROX) in a report issued on Thursday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $25.00 price target on the basic materials company’s stock.
TROX has been the topic of several other reports. BidaskClub raised shares of Tronox from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. UBS lifted their price target on shares of Tronox from $17.00 to $18.00 and gave the company a “sell” rating in a research note on Thursday, November 9th. Alembic Global Advisors reiterated a “buy” rating on shares of Tronox in a research note on Monday, October 23rd. J P Morgan Chase & Co began coverage on shares of Tronox in a research note on Tuesday, October 24th. They issued an “overweight” rating on the stock. Finally, Vertical Research began coverage on shares of Tronox in a research note on Monday, October 23rd. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $25.25.
Tronox (OTCMKTS:TROX) last posted its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.15. The company had revenue of $435.00 million during the quarter, compared to the consensus estimate of $436.92 million. The company’s revenue was up 28.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.34) earnings per share.
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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.
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