Kronos Worldwide (NYSE:KRO) Price Target Raised to $9.00

Kronos Worldwide (NYSE:KROFree Report) had its price objective upped by Barclays from $8.00 to $9.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have an underweight rating on the specialty chemicals company’s stock.

KRO has been the subject of several other research reports. StockNews.com raised shares of Kronos Worldwide from a hold rating to a buy rating in a research note on Monday, May 13th. TheStreet raised shares of Kronos Worldwide from a d+ rating to a c- rating in a research note on Monday, March 11th.

Read Our Latest Analysis on Kronos Worldwide

Kronos Worldwide Stock Down 0.8 %

KRO stock opened at $13.11 on Wednesday. The stock has a market capitalization of $1.51 billion, a P/E ratio of -56.95 and a beta of 1.21. The firm has a 50-day simple moving average of $11.85 and a 200-day simple moving average of $9.95. The company has a quick ratio of 1.90, a current ratio of 3.68 and a debt-to-equity ratio of 0.58. Kronos Worldwide has a 52 week low of $6.16 and a 52 week high of $13.37.

Kronos Worldwide (NYSE:KROGet Free Report) last released its earnings results on Wednesday, March 6th. The specialty chemicals company reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. The business had revenue of $400.10 million during the quarter, compared to analysts’ expectations of $404.94 million. Kronos Worldwide had a negative net margin of 1.50% and a negative return on equity of 3.13%. Equities analysts forecast that Kronos Worldwide will post 0.33 earnings per share for the current fiscal year.

Kronos Worldwide Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, June 10th will be paid a dividend of $0.19 per share. The ex-dividend date is Monday, June 10th. This represents a $0.76 annualized dividend and a yield of 5.80%. Kronos Worldwide’s dividend payout ratio is presently -330.42%.

Hedge Funds Weigh In On Kronos Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of KRO. Bank of New York Mellon Corp boosted its holdings in Kronos Worldwide by 0.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,106,941 shares of the specialty chemicals company’s stock valued at $8,579,000 after purchasing an additional 9,924 shares during the last quarter. Jump Financial LLC acquired a new position in Kronos Worldwide in the 3rd quarter valued at about $173,000. Janney Montgomery Scott LLC lifted its holdings in shares of Kronos Worldwide by 24.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 35,011 shares of the specialty chemicals company’s stock worth $271,000 after acquiring an additional 6,979 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Kronos Worldwide by 111.8% in the 3rd quarter. Citigroup Inc. now owns 53,275 shares of the specialty chemicals company’s stock worth $413,000 after acquiring an additional 28,117 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Kronos Worldwide in the 4th quarter worth approximately $125,000. 15.11% of the stock is currently owned by institutional investors and hedge funds.

Kronos Worldwide Company Profile

(Get Free Report)

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.

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