Kronos Worldwide Inc (KRO) Given New $24.00 Price Target at Barclays PLC

Kronos Worldwide Inc (NYSE:KRO) had its price target lifted by equities researchers at Barclays PLC from $17.00 to $24.00 in a note issued to investors on Tuesday. The firm currently has an “underweight” rating on the specialty chemicals company’s stock. Barclays PLC’s price objective would suggest a potential downside of 10.48% from the stock’s current price.

KRO has been the subject of several other research reports. SunTrust Banks, Inc. lifted their target price on shares of Kronos Worldwide from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Wednesday, October 11th. ValuEngine downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.00.

Shares of Kronos Worldwide (NYSE:KRO) traded up $0.59 on Tuesday, hitting $26.81. 545,900 shares of the stock were exchanged, compared to its average volume of 486,179. Kronos Worldwide has a 52 week low of $10.62 and a 52 week high of $27.92. The company has a market cap of $3,038.95, a P/E ratio of 17.96, a PEG ratio of 3.47 and a beta of 2.16. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66.

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 analysts’ consensus estimates of $0.43 by $0.21. Kronos Worldwide had a net margin of 20.52% and a return on equity of 31.38%. The company had revenue of $464.50 million during the quarter, compared to the consensus estimate of $448.00 million. During the same quarter last year, the firm posted $0.19 EPS. The company’s quarterly revenue was up 30.4% on a year-over-year basis. analysts expect that Kronos Worldwide will post 1.51 earnings per share for the current year.

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Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp raised its stake in Kronos Worldwide by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,150,834 shares of the specialty chemicals company’s stock worth $20,969,000 after purchasing an additional 9,792 shares in the last quarter. Teachers Advisors LLC raised its stake in Kronos Worldwide by 14.0% in the 2nd quarter. Teachers Advisors LLC now owns 112,998 shares of the specialty chemicals company’s stock worth $2,059,000 after purchasing an additional 13,877 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Kronos Worldwide by 13.0% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 98,948 shares of the specialty chemicals company’s stock worth $1,803,000 after purchasing an additional 11,413 shares in the last quarter. TIAA CREF Investment Management LLC raised its stake in Kronos Worldwide by 7.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 127,885 shares of the specialty chemicals company’s stock worth $2,330,000 after purchasing an additional 8,849 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Kronos Worldwide by 14.2% in the 2nd quarter. Wells Fargo & Company MN now owns 163,329 shares of the specialty chemicals company’s stock worth $2,976,000 after purchasing an additional 20,253 shares in the last quarter. Institutional investors and hedge funds own 15.71% of the company’s stock.

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.

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