Kronos Worldwide Inc (KRO) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Kronos Worldwide Inc (NYSE:KRO) have been given an average rating of “Hold” by the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $15.00.
KRO has been the topic of a number of recent analyst reports. Barclays PLC boosted their price objective on Kronos Worldwide from $7.00 to $12.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 14th. Zacks Investment Research raised Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $18.00 price target on the stock in a research note on Friday, March 17th. Standpoint Research lowered Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. TheStreet raised Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th. Finally, ValuEngine raised Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Shares of Kronos Worldwide (NYSE:KRO) traded up 0.11% during midday trading on Monday, hitting $17.74. 129,736 shares of the company were exchanged. The company’s 50 day moving average price is $18.41 and its 200 day moving average price is $15.08. Kronos Worldwide has a one year low of $4.70 and a one year high of $19.96. The firm has a market cap of $2.06 billion, a P/E ratio of 24.50 and a beta of 1.99.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data 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. The company had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.03) earnings per share. Equities analysts expect that Kronos Worldwide will post $1.01 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Tuesday, June 6th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, June 2nd. Kronos Worldwide’s dividend payout ratio (DPR) is presently 83.33%.
Institutional investors have recently added to or reduced their stakes in the stock. 1060 Capital LLC bought a new position in Kronos Worldwide during the first quarter valued at $17,241,000. Russell Investments Group Ltd. bought a new position in Kronos Worldwide during the fourth quarter valued at $12,782,000. Acadian Asset Management LLC raised its position in Kronos Worldwide by 455.4% in the first quarter. Acadian Asset Management LLC now owns 363,801 shares of the specialty chemicals company’s stock valued at $5,978,000 after buying an additional 298,300 shares during the last quarter. AQR Capital Management LLC bought a new position in Kronos Worldwide during the fourth quarter valued at $184,000. Finally, Teachers Advisors LLC raised its position in Kronos Worldwide by 98.4% in the fourth quarter. Teachers Advisors LLC now owns 107,651 shares of the specialty chemicals company’s stock valued at $1,285,000 after buying an additional 53,380 shares during the last quarter. 14.19% of the stock is currently owned by hedge funds and other institutional investors.
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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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