Kronos Worldwide Inc (NYSE:KRO) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.
Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. ValuEngine raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. TheStreet raised shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th. Finally, Standpoint Research lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Kronos Worldwide currently has a consensus rating of “Hold” and a consensus target price of $15.00.
Kronos Worldwide (KRO) traded down 0.59% during mid-day trading on Wednesday, hitting $20.07. 131,199 shares of the stock traded hands. The company’s 50 day moving average price is $18.70 and its 200-day moving average price is $16.23. Kronos Worldwide has a 1-year low of $5.40 and a 1-year high of $21.10. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 27.72 and a beta of 2.08.
Kronos Worldwide (NYSE:KRO) last released its earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The company had revenue of $369.80 million for the quarter, compared to analysts’ expectations of $350 million. During the same quarter last year, the business earned ($0.03) EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Analysts predict that Kronos Worldwide will post $1.01 earnings per share for the current year.
In other news, insider Benjiman R. Corona sold 2,000 shares of the company’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 transaction, the insider now owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
A number of large investors have recently modified their holdings of the stock. Laurion Capital Management LP purchased a new stake in shares of Kronos Worldwide during the first quarter worth approximately $166,000. American International Group Inc. raised its stake in shares of 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 in the last quarter. Nationwide Fund Advisors raised its stake in shares of 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 in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Kronos Worldwide during the first quarter worth approximately $240,000. Finally, Turner Investments LLC purchased a new stake in shares of Kronos Worldwide during the first quarter worth approximately $246,000. Hedge funds and other institutional investors own 14.17% 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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