Kronos Worldwide Inc (KRO) PT Raised to $17.00 at Barclays PLC
Kronos Worldwide Inc (NYSE:KRO) had its price objective hoisted by investment analysts at Barclays PLC from $15.00 to $17.00 in a report issued on Thursday. The firm presently has an “underweight” rating on the specialty chemicals company’s stock. Barclays PLC’s price objective points to a potential downside of 7.86% from the company’s current price.
Several other analysts also recently commented on the stock. BidaskClub downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $20.50.
Shares of Kronos Worldwide (NYSE KRO) traded down 1.14% during mid-day trading on Thursday, hitting $18.24. 467,117 shares of the company traded hands. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 7.59 and a beta of 2.10. The firm has a 50-day moving average of $19.62 and a 200-day moving average of $16.99. Kronos Worldwide has a one year low of $6.66 and a one year high of $21.89.
Kronos Worldwide (NYSE:KRO) last announced its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $369.80 million during the quarter, compared to the consensus estimate of $350 million. Kronos Worldwide had a net margin of 18.57% and a return on equity of 27.56%. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, equities analysts predict that Kronos Worldwide will post $1.07 earnings per share for the current year.
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In related news, insider Benjiman R. Corona sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the completion of the sale, the insider now owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.08% of the company’s stock.
A number of hedge funds have recently bought and sold shares of KRO. Laurion Capital Management LP bought a new stake in Kronos Worldwide during the first quarter worth about $166,000. Strs Ohio bought a new stake in Kronos Worldwide during the second quarter worth about $198,000. American International Group Inc. increased its stake in Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after buying an additional 894 shares during the period. First Trust Advisors LP bought a new stake in Kronos Worldwide during the second quarter worth about $255,000. Finally, Nationwide Fund Advisors increased its stake in Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock worth $239,000 after buying an additional 1,326 shares during the period. Institutional investors and hedge funds own 14.37% of the company’s stock.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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