Kronos Worldwide (NYSE:KRO) Price Target Raised to $15.00

Kronos Worldwide (NYSE:KRO) had its price target boosted by Deutsche Bank Aktiengesellschaft from $12.00 to $15.00 in a research report released on Tuesday, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the specialty chemicals company’s stock.

KRO has been the subject of a number of other reports. TheStreet raised shares of Kronos Worldwide from a d+ rating to a c- rating in a report on Monday, March 11th. StockNews.com raised shares of Kronos Worldwide from a hold rating to a buy rating in a research report on Monday, May 13th. Barclays lifted their target price on Kronos Worldwide from $8.00 to $9.00 and gave the stock an underweight rating in a research report on Wednesday, May 15th. Finally, The Goldman Sachs Group increased their price target on Kronos Worldwide from $9.00 to $11.00 and gave the company a sell rating in a report on Thursday, May 16th. Two research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and an average target price of $11.67.

Kronos Worldwide Price Performance

Shares of NYSE KRO opened at $14.38 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.68 and a quick ratio of 1.90. Kronos Worldwide has a 1-year low of $6.16 and a 1-year high of $14.48. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of -62.52 and a beta of 1.21. The business has a 50-day moving average of $12.21 and a 200-day moving average of $10.32.

Kronos Worldwide (NYSE:KRO) last released its quarterly earnings results on Wednesday, May 8th. The specialty chemicals company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.04 by $0.03. Kronos Worldwide had a negative return on equity of 3.13% and a negative net margin of 1.50%. The firm had revenue of $478.80 million for the quarter, compared to analyst estimates of $454.64 million. On average, equities analysts anticipate that Kronos Worldwide will post 0.33 EPS for the current fiscal year.

Kronos Worldwide Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, June 10th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. The ex-dividend date is Monday, June 10th. Kronos Worldwide’s payout ratio is currently -330.42%.

Hedge Funds Weigh In On Kronos Worldwide

Large investors have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in Kronos Worldwide during the third quarter valued at approximately $173,000. Janney Montgomery Scott LLC increased 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 valued at $271,000 after acquiring an additional 6,979 shares during the last quarter. Citigroup Inc. increased 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 valued at $413,000 after acquiring an additional 28,117 shares during the last quarter. SG Americas Securities LLC bought a new position in Kronos Worldwide during the fourth quarter worth $125,000. Finally, Mirador Capital Partners LP boosted its holdings in Kronos Worldwide by 4.1% in the fourth quarter. Mirador Capital Partners LP now owns 56,170 shares of the specialty chemicals company’s stock worth $558,000 after purchasing an additional 2,188 shares during the period. Institutional investors own 15.11% of the company’s stock.

Kronos Worldwide Company Profile

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.