Kronos Worldwide (NYSE:KRO) Cut to Strong Sell at ValuEngine

Kronos Worldwide (NYSE:KRO) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, September 12th.

A number of other analysts have also recently weighed in on KRO. Zacks Investment Research cut shares of Kronos Worldwide from a “buy” rating to a “sell” rating in a research note on Wednesday, May 16th. Deutsche Bank raised shares of Kronos Worldwide from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $28.00 in a research note on Wednesday, May 23rd. SunTrust Banks reaffirmed a “hold” rating and set a $24.00 price objective on shares of Kronos Worldwide in a research note on Friday, July 20th. Finally, Barclays decreased their price objective on shares of Kronos Worldwide from $26.00 to $24.00 and set an “underweight” rating on the stock in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.50.

Shares of NYSE:KRO traded down $0.30 on Wednesday, hitting $16.40. 704,809 shares of the company were exchanged, compared to its average volume of 460,580. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 0.47 and a beta of 2.37. Kronos Worldwide has a one year low of $16.06 and a one year high of $29.49. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.08 and a current ratio of 4.64.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Tuesday, August 7th. The specialty chemicals company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.10). The business had revenue of $471.80 million during the quarter. Kronos Worldwide had a net margin of 14.81% and a return on equity of 40.78%. Equities analysts predict that Kronos Worldwide will post 2.49 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Kronos Worldwide by 9.9% during the first quarter. Victory Capital Management Inc. now owns 24,101 shares of the specialty chemicals company’s stock worth $545,000 after purchasing an additional 2,173 shares in the last quarter. Strs Ohio lifted its holdings in Kronos Worldwide by 9.9% in the second quarter. Strs Ohio now owns 32,300 shares of the specialty chemicals company’s stock valued at $727,000 after buying an additional 2,900 shares during the period. Bank of Montreal Can lifted its holdings in Kronos Worldwide by 37.5% in the second quarter. Bank of Montreal Can now owns 11,053 shares of the specialty chemicals company’s stock valued at $249,000 after buying an additional 3,016 shares during the period. Navellier & Associates Inc lifted its holdings in Kronos Worldwide by 3.0% in the second quarter. Navellier & Associates Inc now owns 106,894 shares of the specialty chemicals company’s stock valued at $2,408,000 after buying an additional 3,158 shares during the period. Finally, Affinity Investment Advisors LLC lifted its holdings in Kronos Worldwide by 30.3% in the first quarter. Affinity Investment Advisors LLC now owns 13,732 shares of the specialty chemicals company’s stock valued at $310,000 after buying an additional 3,195 shares during the period. Institutional investors own 17.98% of the company’s stock.

About Kronos Worldwide

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

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