BidaskClub downgraded shares of Kronos Worldwide Inc (NYSE:KRO) from a strong-buy rating to a buy rating in a research report released on Wednesday.
KRO has been the topic of a number of other research reports. ValuEngine upgraded shares of Kronos Worldwide from a hold rating to a buy rating in a research report on Friday, June 2nd. Standpoint Research downgraded shares of Kronos Worldwide from a buy rating to a hold rating in a report on Tuesday, March 28th. Zacks Investment Research downgraded shares of Kronos Worldwide from a strong-buy rating to a hold rating in a report on Wednesday, July 12th. Finally, TheStreet upgraded shares of Kronos Worldwide from a c rating to a b- rating in a report on Wednesday, March 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $15.00.
Shares of Kronos Worldwide (KRO) traded up 0.15% during trading on Wednesday, reaching $20.22. 296,470 shares of the company traded hands. The firm has a market capitalization of $2.34 billion, a price-to-earnings ratio of 27.93 and a beta of 2.08. Kronos Worldwide has a 12-month low of $5.40 and a 12-month high of $21.10. The company has a 50 day moving average price of $18.70 and a 200 day moving average price of $16.23.
Kronos Worldwide (NYSE:KRO) last posted its quarterly earnings data on Monday, May 8th. The specialty chemicals company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08. Kronos Worldwide had a net margin of 5.93% and a return on equity of 18.70%. The company had revenue of $369.80 million for the quarter, compared to analyst estimates of $350 million. During the same period in the prior year, the firm posted ($0.03) EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. On average, equities analysts predict that Kronos Worldwide will post $1.01 EPS for the current year.
In related news, insider Benjiman R. Corona sold 2,000 shares of Kronos Worldwide stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $18.35, for a total value of $36,700.00. Following the sale, the insider now owns 500 shares in the company, valued at $9,175. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.08% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Eqis Capital Management Inc. raised its position in shares of Kronos Worldwide by 22.7% in the second quarter. Eqis Capital Management Inc. now owns 54,280 shares of the specialty chemicals company’s stock valued at $989,000 after buying an additional 10,037 shares in the last quarter. James Investment Research Inc. bought a new position in Kronos Worldwide during the second quarter valued at about $2,350,000. Tudor Investment Corp ET AL raised its position in Kronos Worldwide by 114.5% in the first quarter. Tudor Investment Corp ET AL now owns 69,337 shares of the specialty chemicals company’s stock valued at $1,139,000 after buying an additional 37,010 shares in the last quarter. Jane Street Group LLC bought a new position in Kronos Worldwide during the first quarter valued at about $352,000. Finally, Schwab Charles Investment Management Inc. raised its position in Kronos Worldwide by 5.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock valued at $1,439,000 after buying an additional 4,617 shares in the last quarter. 14.17% of the stock is owned by institutional investors and hedge funds.
About Kronos Worldwide
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kronos Worldwide Inc and related companies with MarketBeat.com's FREE daily email newsletter.
