Kronos Worldwide Inc (KRO) PT Raised to $24.00
Kronos Worldwide Inc (NYSE:KRO) had its price objective raised by Barclays PLC from $17.00 to $24.00 in a research report report published on Tuesday morning. The firm currently has an underweight rating on the specialty chemicals company’s stock.
Several other brokerages have also recently issued reports on KRO. BidaskClub upgraded shares of Kronos Worldwide from a hold rating to a buy rating in a report on Saturday, August 26th. ValuEngine upgraded shares of Kronos Worldwide from a buy rating to a strong-buy rating in a report on Friday, September 1st. SunTrust Banks, Inc. upped their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a hold rating in a report on Wednesday, October 11th. Finally, Zacks Investment Research upgraded shares of Kronos Worldwide from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $24.00.
Kronos Worldwide (NYSE KRO) opened at $27.58 on Tuesday. Kronos Worldwide has a twelve month low of $11.12 and a twelve month high of $27.92. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The stock has a market cap of $3,160.00, a price-to-earnings ratio of 18.28, a PEG ratio of 3.32 and a beta of 2.16.
Kronos Worldwide (NYSE:KRO) last issued its earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The business had revenue of $464.50 million during the quarter, compared to analysts’ expectations of $448.00 million. During the same quarter in the prior year, the business posted $0.19 EPS. The company’s revenue for the quarter was up 30.4% on a year-over-year basis. sell-side analysts expect that Kronos Worldwide will post 1.61 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, December 6th will be given a $0.15 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.60 annualized dividend and a yield of 2.18%. Kronos Worldwide’s dividend payout ratio (DPR) is 21.05%.
A number of hedge funds have recently added to or reduced their stakes in KRO. Acadian Asset Management LLC raised its position in Kronos Worldwide by 180.8% in the 2nd quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock valued at $18,614,000 after purchasing an additional 657,735 shares during the last quarter. Vanguard Group Inc. raised its position in Kronos Worldwide by 37.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock valued at $40,589,000 after purchasing an additional 603,137 shares during the last quarter. Gotham Asset Management LLC purchased a new stake in Kronos Worldwide in the 2nd quarter valued at $3,661,000. PDT Partners LLC purchased a new stake in Kronos Worldwide in the 2nd quarter valued at $3,212,000. Finally, Dimensional Fund Advisors LP raised its position in Kronos Worldwide by 11.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock valued at $30,826,000 after purchasing an additional 139,252 shares during the last quarter. Hedge funds and other institutional investors own 15.71% of the company’s stock.
About Kronos Worldwide
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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