Kronos Worldwide Inc (KRO) Rating Lowered to Buy at BidaskClub
Kronos Worldwide Inc (NYSE:KRO) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. TheStreet upgraded shares of Kronos Worldwide from a “c” rating to a “b-” rating in a research report on Wednesday, March 29th. Standpoint Research cut shares of Kronos Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, March 28th. Finally, ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $15.00.
Shares of Kronos Worldwide (KRO) traded down 0.59% during midday trading on Wednesday, reaching $20.07. The company’s stock had a trading volume of 131,199 shares. The stock has a 50-day moving average price of $18.70 and a 200 day moving average price of $16.23. Kronos Worldwide has a 52 week low of $5.40 and a 52 week high of $21.10. The stock has a market capitalization of $2.33 billion, a PE ratio of 27.72 and a beta of 2.08.
Kronos Worldwide (NYSE:KRO) last issued its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a return on equity of 18.70% and a net margin of 5.93%. The company had revenue of $369.80 million for the quarter, compared to the consensus estimate of $350 million. During the same period last year, the business posted ($0.03) earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. Equities analysts forecast that Kronos Worldwide will post $1.01 earnings per share for the current year.
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In related news, insider Benjiman R. Corona sold 2,000 shares of the stock in a transaction that occurred 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 owns 500 shares in the company, valued at approximately $9,175. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Laurion Capital Management LP bought a new stake in Kronos Worldwide during the first quarter worth approximately $166,000. AQR Capital Management LLC purchased a new position in Kronos Worldwide during the fourth quarter valued at $184,000. Metropolitan Life Insurance Co. NY boosted its position in Kronos Worldwide by 8.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 16,280 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 1,284 shares during the period. American International Group Inc. boosted its position in Kronos Worldwide by 7.1% in the first quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock valued at $223,000 after buying an additional 894 shares during the period. Finally, Nationwide Fund Advisors boosted its position in Kronos Worldwide by 10.0% in the first quarter. Nationwide Fund Advisors now owns 14,573 shares of the specialty chemicals company’s stock valued at $239,000 after buying an additional 1,326 shares during the period. 14.17% of the stock is owned by institutional investors and hedge funds.
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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