BidaskClub Downgrades Kronos Worldwide Inc (NYSE:KRO) to Buy
Kronos Worldwide Inc (NYSE:KRO) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
Several other equities research analysts have also commented on the stock. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Standpoint Research lowered shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. TheStreet upgraded shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research note on Wednesday, March 29th. Finally, 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Kronos Worldwide presently has a consensus rating of “Hold” and a consensus price target of $15.00.
Shares of Kronos Worldwide (NYSE:KRO) traded up 0.15% during midday trading on Wednesday, hitting $20.22. 296,470 shares of the stock were exchanged. The stock has a 50 day moving average price of $18.70 and a 200-day moving average price of $16.23. The company has a market cap of $2.34 billion, a PE ratio of 1011.00 and a beta of 2.08. Kronos Worldwide has a 12 month low of $5.40 and a 12 month high of $21.10.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The firm had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. During the same period last year, the business earned ($0.03) EPS. Kronos Worldwide’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, analysts predict that Kronos Worldwide will post $1.01 EPS for the current year.
In related news, insider Benjiman R. Corona sold 2,000 shares of Kronos Worldwide stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total transaction of $36,700.00. Following the sale, the insider now directly owns 500 shares in the company, valued at approximately $9,175. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.08% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of KRO. 1060 Capital LLC acquired a new stake in shares of Kronos Worldwide during the first quarter valued at about $17,241,000. Advisors Asset Management Inc. raised its position in Kronos Worldwide by 130.8% in the first quarter. Advisors Asset Management Inc. now owns 873,758 shares of the specialty chemicals company’s stock worth $14,356,000 after buying an additional 495,111 shares in the last quarter. Renaissance Technologies LLC raised its position in Kronos Worldwide by 184.2% in the fourth quarter. Renaissance Technologies LLC now owns 647,100 shares of the specialty chemicals company’s stock worth $7,726,000 after buying an additional 419,400 shares in the last quarter. 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 worth $5,978,000 after buying an additional 298,300 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in Kronos Worldwide during the first quarter worth $4,778,000. 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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