Tronox (OTCMKTS:TROX) has been assigned a $10.00 price objective by stock analysts at UBS Group in a research report issued to clients and investors on Thursday, www.tipranks.com reports. The firm presently has a “sell” rating on the basic materials company’s stock. UBS Group’s price objective suggests a potential upside of 36.99% from the stock’s previous close.
A number of other brokerages also recently issued reports on TROX. Alembic Global Advisors set a $35.00 price target on shares of Tronox and gave the stock a “buy” rating in a research report on Monday, October 29th. Morgan Stanley set a $16.00 price target on shares of Tronox and gave the stock a “hold” rating in a research report on Tuesday, September 25th. Zacks Investment Research upgraded shares of Tronox from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, BMO Capital Markets dropped their price target on shares of Tronox to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.80.
OTCMKTS:TROX opened at $7.30 on Thursday. Tronox has a one year low of $6.46 and a one year high of $22.15.
Tronox (OTCMKTS:TROX) last posted its earnings results on Monday, November 5th. The basic materials company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $456.00 million for the quarter, compared to analyst estimates of $456.91 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm’s quarterly revenue was up 4.8% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Tronox in the 3rd quarter valued at $121,000. Commonwealth Bank of Australia bought a new stake in shares of Tronox in the 3rd quarter valued at $124,000. Stevens Capital Management LP bought a new stake in shares of Tronox in the 3rd quarter valued at $137,000. Tower Research Capital LLC TRC bought a new stake in shares of Tronox in the 3rd quarter valued at $176,000. Finally, Water Island Capital LLC bought a new stake in shares of Tronox in the 3rd quarter valued at $179,000.
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.
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