Kronos Worldwide (NYSE:KRO) Price Target Increased to $24.00 by Analysts at Barclays

Kronos Worldwide (NYSE:KRO) had its price objective hoisted by Barclays from $17.00 to $24.00 in a research report report published on Tuesday, November 14th. They currently have an underweight rating on the specialty chemicals company’s stock.

Several other analysts also recently commented on KRO. BidaskClub downgraded shares of Kronos Worldwide from a strong-buy rating to a buy rating in a research report on Wednesday, July 19th. Zacks Investment Research raised shares of Kronos Worldwide from a hold rating to a strong-buy rating and set a $24.00 price objective for the company in a report on Friday, July 28th. ValuEngine upgraded shares of Kronos Worldwide from a buy rating to a strong-buy rating in a research note on Friday, September 1st. Finally, SunTrust Banks upped their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the company a hold rating in a research note on Wednesday, October 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Kronos Worldwide has a consensus rating of Hold and an average price target of $24.00.

Kronos Worldwide (NYSE KRO) traded down $0.25 during midday trading on Tuesday, hitting $27.66. 607,597 shares of the company were exchanged, compared to its average volume of 444,550. Kronos Worldwide has a twelve month low of $11.12 and a twelve month high of $29.49. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.26 and a quick ratio of 2.86. The company has a market cap of $3,205.85, a P/E ratio of 18.95, a P/E/G ratio of 3.44 and a beta of 2.19.

Kronos Worldwide (NYSE:KRO) last announced its quarterly earnings data on Wednesday, November 8th. The specialty chemicals company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The firm had revenue of $464.50 million for the quarter, compared to the consensus estimate of $448.00 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm’s revenue was up 30.4% on a year-over-year basis. analysts forecast that Kronos Worldwide will post 1.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, December 6th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Tuesday, December 5th. Kronos Worldwide’s dividend payout ratio (DPR) is currently 20.98%.

A number of large investors have recently modified their holdings of KRO. American International Group Inc. grew its holdings in Kronos Worldwide by 7.1% during the 1st quarter. American International Group Inc. now owns 13,550 shares of the specialty chemicals company’s stock worth $223,000 after acquiring an additional 894 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Kronos Worldwide by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,624,570 shares of the specialty chemicals company’s stock valued at $26,691,000 after purchasing an additional 50,903 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Kronos Worldwide by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 169,827 shares of the specialty chemicals company’s stock valued at $2,790,000 after purchasing an additional 8,786 shares during the last quarter. Morgan Stanley boosted its stake in shares of Kronos Worldwide by 1.3% in the 1st quarter. Morgan Stanley now owns 204,942 shares of the specialty chemicals company’s stock valued at $3,367,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of Kronos Worldwide by 5.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 87,535 shares of the specialty chemicals company’s stock valued at $1,439,000 after purchasing an additional 4,617 shares during the last quarter. 16.19% of the stock is currently owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: “Kronos Worldwide (NYSE:KRO) Price Target Increased to $24.00 by Analysts at Barclays” was originally reported by BBNS and is the sole property of of BBNS. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://baseballnewssource.com/markets/kronos-worldwide-inc-kro-pt-raised-to-24-00/1782972.html.

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.

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 our FREE daily email newsletter.

 


Latest News

Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Jack Morris, Alan Trammel Voted by Modern Era Committee into Hall of Fame
Yankees and Marlins Continue Stanton Trade Talks
Yankees and Marlins Continue Stanton Trade Talks
Marlins Making Moves, Trade Dee Gordon to Seattle
Marlins Making Moves, Trade Dee Gordon to Seattle
Report: Astros Dallas Keuchel Pitched With Injured Foot
Report: Astros Dallas Keuchel Pitched With Injured Foot
Angels Sign Former Prospect with Braves Kevin Maitan
Angels Sign Former Prospect with Braves Kevin Maitan
Shohei Ohtani Has Turned Down Red Sox and Yankees
Shohei Ohtani Has Turned Down Red Sox and Yankees


Leave a Reply

 
© 2006-2017 BBNS.