Kronos Worldwide, Inc. (NYSE:KRO) Receives Average Rating of “Buy” from Brokerages
Shares of Kronos Worldwide, Inc. (NYSE:KRO) have received a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $18.00.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a report on Friday, July 28th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Friday, June 2nd.
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 value of $36,700.00. Following the transaction, the insider now directly owns 500 shares of the company’s stock, valued at $9,175. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.08% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV purchased a new position in shares of Kronos Worldwide during the second quarter valued at approximately $1,252,000. Bank of New York Mellon Corp increased its position in shares of Kronos Worldwide by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock valued at $20,969,000 after buying an additional 9,792 shares during the last quarter. Dupont Capital Management Corp purchased a new position in shares of Kronos Worldwide during the second quarter valued at approximately $498,000. Advisors Asset Management Inc. increased its position in shares of Kronos Worldwide by 7.8% in the second quarter. Advisors Asset Management Inc. now owns 941,607 shares of the specialty chemicals company’s stock valued at $17,156,000 after buying an additional 67,849 shares during the last quarter. Finally, Convergence Investment Partners LLC purchased a new position in shares of Kronos Worldwide during the second quarter valued at approximately $1,391,000. 14.37% of the stock is currently owned by institutional investors.
Kronos Worldwide (NYSE KRO) opened at 20.91 on Tuesday. The firm has a 50 day moving average of $19.26 and a 200-day moving average of $16.72. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 28.88 and a beta of 2.10. Kronos Worldwide has a 1-year low of $5.45 and a 1-year high of $21.89.
Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.08. The firm had revenue of $369.80 million during the quarter, compared to analyst estimates of $350 million. Kronos Worldwide had a net margin of 9.95% and a return on equity of 35.92%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.03) EPS. On average, equities research analysts anticipate that Kronos Worldwide will post $1.04 earnings per share for the current fiscal year.
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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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