Shares of Kronos Worldwide Inc (NYSE:KRO) have been assigned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $24.00.
Several analysts have recently weighed in on the company. Barclays PLC lifted their target price on Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. BidaskClub downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 9th. ValuEngine downgraded Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded Kronos Worldwide from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research report on Friday, July 28th. Finally, SunTrust Banks, Inc. lifted their target price on Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, October 11th.
Several hedge funds have recently added to or reduced their stakes in KRO. Acadian Asset Management LLC raised its holdings in shares of Kronos Worldwide by 180.8% in the second quarter. Acadian Asset Management LLC now owns 1,021,536 shares of the specialty chemicals company’s stock valued at $18,614,000 after acquiring an additional 657,735 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Kronos Worldwide by 37.1% in the second quarter. Vanguard Group Inc. now owns 2,227,707 shares of the specialty chemicals company’s stock valued at $40,589,000 after acquiring an additional 603,137 shares in the last quarter. Gotham Asset Management LLC bought a new stake in shares of Kronos Worldwide in the second quarter valued at about $3,661,000. PDT Partners LLC bought a new stake in shares of Kronos Worldwide in the second quarter valued at about $3,212,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kronos Worldwide by 11.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,350,208 shares of the specialty chemicals company’s stock valued at $30,826,000 after acquiring an additional 139,252 shares in the last quarter. Hedge funds and other institutional investors own 15.71% of the company’s stock.
Shares of Kronos Worldwide (NYSE KRO) opened at $26.55 on Thursday. Kronos Worldwide has a 52-week low of $11.12 and a 52-week high of $27.92. The firm has a market capitalization of $3,107.33, a price-to-earnings ratio of 18.36, a PEG ratio of 3.55 and a beta of 2.16. The company has a debt-to-equity ratio of 0.66, a quick ratio of 2.86 and a current ratio of 4.26.
Kronos Worldwide (NYSE:KRO) last released its earnings results on Wednesday, November 8th. The specialty chemicals company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.21. Kronos Worldwide had a return on equity of 31.38% and a net margin of 20.52%. The business had revenue of $464.50 million during the quarter, compared to the consensus estimate of $448.00 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue for the quarter was up 30.4% compared to the same quarter last year. equities research analysts predict that Kronos Worldwide will post 1.51 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.60 annualized dividend and a dividend yield of 2.26%. Kronos Worldwide’s dividend payout ratio (DPR) is 20.98%.
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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