KMG Chemicals Downgraded to Neutral at Zacks (KMG)
KMG Chemicals (NYSE:KMG) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $20.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 23.15% 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.
Shares of KMG Chemicals (NYSE:KMG) traded down 0.37% during mid-day trading on Tuesday, hitting $16.28. The stock had a trading volume of 2,565 shares. KMG Chemicals has a 1-year low of $14.47 and a 1-year high of $24.17. The stock’s 50-day moving average is $17.06 and its 200-day moving average is $16.14. The company has a market cap of $189.5 million and a price-to-earnings ratio of 340.42.
KMG Chemicals (NYSE:KMG) last released its earnings data 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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