Zacks: Brokerages Set $24.71 Target Price for Tronox (TROX)

Tronox (NYSE:TROX) has been given a consensus broker rating score of 1.86 (Buy) from the seven analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating, one has assigned a hold rating and five have issued a strong buy rating on the company. Tronox’s rating score has improved by 15.5% in the last three months as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a one year consensus price objective of $24.71 for the company and are expecting that the company will post $0.14 earnings per share for the current quarter, according to Zacks. Zacks has also given Tronox an industry rank of 66 out of 265 based on the ratings given to its competitors.

TROX has been the topic of several research analyst reports. Barclays reissued an “overweight” rating on shares of Tronox in a research report on Monday, March 12th. ValuEngine raised Tronox from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, BMO Capital Markets initiated coverage on Tronox in a research report on Wednesday, March 28th. They set an “outperform” rating and a $24.00 target price on the stock.

TROX stock opened at $17.58 on Friday. The company has a current ratio of 7.58, a quick ratio of 6.22 and a debt-to-equity ratio of 3.08. The stock has a market capitalization of $2,232.34, a price-to-earnings ratio of 613.00, a P/E/G ratio of 2.72 and a beta of 3.20. Tronox has a 1 year low of $12.88 and a 1 year high of $28.40.

Tronox (NYSE:TROX) last issued its earnings results on Thursday, March 1st. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. Tronox had a positive return on equity of 0.66% and a negative net margin of 13.64%. The business had revenue of $464.00 million for the quarter, compared to analyst estimates of $429.49 million. equities analysts forecast that Tronox will post 0.68 EPS for the current fiscal year.

Tronox Company Profile

Tronox Limited produces and markets titanium bearing mineral sands and titanium dioxide (TiO2) pigment in North America, Europe, South Africa, and the Asia-Pacific region. The company engages in the exploration, mining, and beneficiation of mineral sands deposits. It also produces titanium feedstock, including chloride slag, slag fines, rutile, synthetic rutile, leucoxene, titanium slag, and ilmenite, as well as pig iron and zircon; and suplies and markets TiO2 under the TRONOX brand name, which is used in the manufacture of paint and other coatings, and plastics and paper, as well as in various other applications comprising inks, fibers, rubber, food, cosmetics, and pharmaceuticals.

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