KMG Chemicals Rating Increased to Outperform at Zacks (KMG)
KMG Chemicals (NYSE:KMG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday. The firm currently has a $20.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 9.89% from the company’s current price.
Separately, analysts at Gabelli upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating in a research note on Tuesday, June 10th. They now have a $18.00 price target on the stock.
KMG Chemicals (NYSE:KMG) traded down 2.14% on Monday, hitting $17.81. 6,271 shares of the company’s stock traded hands. KMG Chemicals has a 52-week low of $14.47 and a 52-week high of $24.17. The stock’s 50-day moving average is $16.65 and its 200-day moving average is $16.08. The company has a market cap of $207.3 million and a price-to-earnings ratio of 379.17.
KMG Chemicals (NYSE:KMG) last posted its quarterly earnings results on Friday, June 6th. The company reported $0.20 EPS for the quarter. The company had revenue of $84.44 million for the quarter, compared to the consensus estimate of $59.93 million. Analysts expect that KMG Chemicals will post $0.80 EPS for the current fiscal year.
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company has acquired and operates businesses selling electronic chemicals and industrial wood treating chemicals.
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