Kronos Worldwide (NYSE:KRO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $26.00 price objective on the specialty chemicals company’s stock. Zacks Investment Research‘s price target points to a potential upside of 8.88% from the stock’s previous close.
According to Zacks, “KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. The Company along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries with the majority of sales in Europe and North America. “
Other research analysts also recently issued research reports about the stock. ValuEngine upgraded shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Barclays boosted their target price on shares of Kronos Worldwide from $17.00 to $24.00 and gave the company an “underweight” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.67.
Institutional investors have recently added to or reduced their stakes in the stock. Macquarie Group Ltd. acquired a new position in shares of Kronos Worldwide during the 3rd quarter valued at $114,000. Advisor Group Inc. increased its stake in Kronos Worldwide by 285.0% during the 4th quarter. Advisor Group Inc. now owns 4,455 shares of the specialty chemicals company’s stock valued at $115,000 after purchasing an additional 3,298 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Kronos Worldwide during the 4th quarter valued at $204,000. Neuberger Berman Group LLC bought a new stake in Kronos Worldwide during the 3rd quarter valued at $215,000. Finally, Raymond James & Associates bought a new stake in Kronos Worldwide during the 4th quarter valued at $225,000. Institutional investors own 16.92% of the company’s stock.
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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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