Kronos Worldwide (NYSE:KRO) Stock Rating Lowered by StockNews.com

Kronos Worldwide (NYSE:KROGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

Other research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft dropped their price target on Kronos Worldwide from $18.00 to $12.00 and set a “buy” rating on the stock in a research report on Monday, October 17th. The Goldman Sachs Group assumed coverage on Kronos Worldwide in a research report on Thursday, October 13th. They issued a “sell” rating and a $9.00 price target on the stock. TheStreet downgraded Kronos Worldwide from a “b-” rating to a “c” rating in a research report on Thursday, September 29th. Finally, Barclays dropped their price target on Kronos Worldwide from $15.00 to $8.00 and set an “underweight” rating on the stock in a research report on Tuesday, September 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.67.

Kronos Worldwide Stock Performance

KRO traded up $0.09 on Tuesday, hitting $10.99. The company had a trading volume of 98,995 shares, compared to its average volume of 206,080. The company’s fifty day moving average price is $9.91 and its 200 day moving average price is $11.68. Kronos Worldwide has a 1-year low of $8.48 and a 1-year high of $19.78. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.81 and a quick ratio of 2.26. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 8.08 and a beta of 1.05.

Kronos Worldwide (NYSE:KROGet Rating) last posted its earnings results on Wednesday, November 2nd. The specialty chemicals company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.19). Kronos Worldwide had a return on equity of 17.50% and a net margin of 7.49%. The company had revenue of $459.60 million during the quarter, compared to analyst estimates of $516.15 million. Equities analysts predict that Kronos Worldwide will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of Kronos Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the company. UBS Asset Management Americas Inc. increased its position in shares of Kronos Worldwide by 1.8% during the second quarter. UBS Asset Management Americas Inc. now owns 39,698 shares of the specialty chemicals company’s stock valued at $730,000 after purchasing an additional 692 shares during the period. BNP Paribas Arbitrage SA grew its position in Kronos Worldwide by 25.7% in the second quarter. BNP Paribas Arbitrage SA now owns 5,256 shares of the specialty chemicals company’s stock valued at $97,000 after acquiring an additional 1,073 shares during the period. Ellevest Inc. grew its position in Kronos Worldwide by 196.0% in the second quarter. Ellevest Inc. now owns 1,797 shares of the specialty chemicals company’s stock valued at $33,000 after acquiring an additional 1,190 shares during the period. Mirador Capital Partners LP grew its position in Kronos Worldwide by 1.4% in the second quarter. Mirador Capital Partners LP now owns 85,286 shares of the specialty chemicals company’s stock valued at $1,569,000 after acquiring an additional 1,216 shares during the period. Finally, Raymond James & Associates grew its position in Kronos Worldwide by 2.3% in the first quarter. Raymond James & Associates now owns 60,411 shares of the specialty chemicals company’s stock valued at $938,000 after acquiring an additional 1,350 shares during the period. 15.91% of the stock is currently owned by institutional investors.

Kronos Worldwide Company Profile

(Get Rating)

Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.

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