KMG Chemicals, Inc. (NYSE:KMG) has earned an average rating of “Hold” from the six analysts that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $71.50.
KMG has been the subject of several analyst reports. KeyCorp reiterated a “buy” rating and set a $70.00 price objective (up previously from $63.00) on shares of KMG Chemicals in a report on Wednesday, December 13th. Goldman Sachs Group initiated coverage on KMG Chemicals in a report on Monday, January 22nd. They set a “neutral” rating and a $73.00 price objective for the company. Zacks Investment Research upgraded KMG Chemicals from a “sell” rating to a “hold” rating and set a $70.00 price objective for the company in a report on Thursday, December 14th. Finally, ValuEngine lowered KMG Chemicals from a “buy” rating to a “hold” rating in a report on Friday, December 1st.
In related news, major shareholder David L. Hatcher sold 9,000 shares of the company’s stock in a transaction on Wednesday, December 20th. The stock was sold at an average price of $66.85, for a total value of $601,650.00. Following the transaction, the insider now directly owns 1,376,097 shares of the company’s stock, valued at approximately $91,992,084.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder David L. Hatcher sold 3,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $54.34, for a total value of $163,020.00. Following the completion of the transaction, the insider now directly owns 1,433,097 shares in the company, valued at $77,874,490.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 657,000 shares of company stock worth $40,906,590. 6.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Earnest Partners LLC acquired a new position in shares of KMG Chemicals in the 4th quarter valued at $112,000. Ramsey Quantitative Systems acquired a new position in shares of KMG Chemicals in the 4th quarter valued at $138,000. Legal & General Group Plc increased its position in shares of KMG Chemicals by 23.2% in the 2nd quarter. Legal & General Group Plc now owns 2,198 shares of the specialty chemicals company’s stock valued at $106,000 after acquiring an additional 414 shares during the period. Victory Capital Management Inc. acquired a new position in shares of KMG Chemicals in the 3rd quarter valued at $155,000. Finally, IPG Investment Advisors LLC acquired a new position in shares of KMG Chemicals in the 4th quarter valued at $247,000. 58.26% of the stock is currently owned by hedge funds and other institutional investors.
Shares of KMG Chemicals (NYSE KMG) opened at $60.22 on Friday. KMG Chemicals has a twelve month low of $36.41 and a twelve month high of $68.13. The company has a current ratio of 2.87, a quick ratio of 1.92 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $925.72, a price-to-earnings ratio of 31.53 and a beta of 0.35.
KMG Chemicals (NYSE:KMG) last issued its quarterly earnings data on Monday, December 11th. The specialty chemicals company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. KMG Chemicals had a return on equity of 15.41% and a net margin of 6.46%. The firm had revenue of $110.70 million during the quarter, compared to analyst estimates of $106.60 million. The company’s quarterly revenue was up 44.7% on a year-over-year basis. sell-side analysts expect that KMG Chemicals will post 3.17 earnings per share for the current year.
WARNING: This story was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://www.dispatchtribunal.com/2018/02/16/kmg-chemicals-inc-kmg-given-consensus-rating-of-hold-by-brokerages.html.
About KMG Chemicals
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
Receive News & Ratings for KMG Chemicals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KMG Chemicals and related companies with MarketBeat.com's FREE daily email newsletter.