Brokerages Set Kronos Worldwide, Inc. (KRO) Target Price at $24.00

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.

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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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