Kronos Worldwide (NYSE:KRO) Downgraded by StockNews.com to Hold

StockNews.com downgraded shares of Kronos Worldwide (NYSE:KRO – Get Rating) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other analysts also recently commented on the company. Barclays dropped their price objective on Kronos Worldwide from $15.00 to $8.00 and set an underweight rating for the company in a report on Tuesday, September 27th. TheStreet cut shares of Kronos Worldwide from a b- rating to a c rating in a research report on Thursday, September 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Kronos Worldwide from $18.00 to $12.00 and set a buy rating for the company in a research report on Monday, October 17th. Finally, The Goldman Sachs Group began coverage on shares of Kronos Worldwide in a research report on Thursday, October 13th. They set a sell rating and a $9.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Kronos Worldwide currently has a consensus rating of Hold and a consensus price target of $9.67.

Kronos Worldwide Trading Up 0.8 %

Shares of KRO opened at $10.99 on Tuesday. The stock has a fifty day moving average of $9.91 and a two-hundred day moving average of $11.68. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.26 and a current ratio of 3.81. The company has a market capitalization of $1.27 billion, a PE ratio of 8.08 and a beta of 1.05. Kronos Worldwide has a fifty-two week low of $8.48 and a fifty-two week high of $19.78.

Kronos Worldwide (NYSE:KRO – Get Rating) last issued its quarterly earnings results on Wednesday, November 2nd. The specialty chemicals company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.19). The business had revenue of $459.60 million during the quarter, compared to analyst estimates of $516.15 million. Kronos Worldwide had a net margin of 7.49% and a return on equity of 17.50%. As a group, analysts forecast that Kronos Worldwide will post 1.06 EPS for the current year.

Hedge Funds Weigh In On Kronos Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ellevest Inc. raised its stake in shares of Kronos Worldwide by 196.0% in the 2nd quarter. Ellevest Inc. now owns 1,797 shares of the specialty chemicals company’s stock valued at $33,000 after purchasing an additional 1,190 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Kronos Worldwide in the 1st quarter valued at about $44,000. MBM Wealth Consultants LLC raised its stake in shares of Kronos Worldwide by 84.7% in the 3rd quarter. MBM Wealth Consultants LLC now owns 3,742 shares of the specialty chemicals company’s stock valued at $36,000 after purchasing an additional 1,716 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Kronos Worldwide by 214.1% in the 3rd quarter. Royal Bank of Canada now owns 5,120 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 3,490 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of Kronos Worldwide by 25.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,256 shares of the specialty chemicals company’s stock valued at $97,000 after purchasing an additional 1,073 shares in the last quarter. 15.91% of the stock is owned by hedge funds and other institutional investors.

Kronos Worldwide Company Profile

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Kronos Worldwide, Inc produces and markets titanium dioxide pigments (TiO2) in Europe, North America, the Asia Pacific, and internationally. The company produces TiO2 in two crystalline forms, rutile and anatase to impart whiteness, brightness, opacity, and durability for various products, including paints, coatings, plastics, paper, fibers, and ceramics, as well as for various specialty products, such as inks, foods, and cosmetics.