Shares of Kronos Worldwide, Inc. (NYSE:KRO) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $24.00.
A number of research firms recently weighed in on KRO. Barclays boosted their price target on shares of Kronos Worldwide from $17.00 to $24.00 and gave the stock an “underweight” rating in a research report on Tuesday, November 14th. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, SunTrust Banks boosted their price target on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, October 11th.
Hedge funds have recently modified their holdings of the business. Alps Advisors Inc. purchased a new position in Kronos Worldwide during the third quarter worth about $486,000. Bank of New York Mellon Corp raised its stake in Kronos Worldwide by 3.0% during the third quarter. Bank of New York Mellon Corp now owns 1,185,691 shares of the specialty chemicals company’s stock worth $27,069,000 after purchasing an additional 34,857 shares during the period. Teachers Advisors LLC raised its stake in Kronos Worldwide by 14.0% during the second quarter. Teachers Advisors LLC now owns 112,998 shares of the specialty chemicals company’s stock worth $2,059,000 after purchasing an additional 13,877 shares during the period. Dimensional Fund Advisors LP raised its stake in Kronos Worldwide by 7.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,210,956 shares of the specialty chemicals company’s stock worth $22,063,000 after purchasing an additional 88,453 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Kronos Worldwide by 13.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock worth $1,803,000 after purchasing an additional 11,413 shares during the period. 15.97% of the stock is currently owned by institutional investors.
Kronos Worldwide (NYSE KRO) traded down $2.68 on Tuesday, reaching $25.27. 724,767 shares of the company were exchanged, compared to its average volume of 414,420. The firm has a market capitalization of $3,181.51 and a price-to-earnings ratio of 9.77. Kronos Worldwide has a 52-week low of $12.61 and a 52-week high of $29.49. The company has a quick ratio of 2.86, a current ratio of 4.26 and a debt-to-equity ratio of 0.66.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.21. The firm had revenue of $464.50 million for the quarter, compared to analyst estimates of $448.00 million. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. Kronos Worldwide’s quarterly revenue was up 30.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. equities analysts anticipate that Kronos Worldwide will post 1.63 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/17/brokerages-set-kronos-worldwide-inc-kro-target-price-at-24-00.html.
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.
Receive News & Ratings for Kronos Worldwide Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide and related companies with MarketBeat.com's FREE daily email newsletter.