Kronos Worldwide (NYSE:KRO - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued to investors on Wednesday,Zacks.com reports.
Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Kronos Worldwide from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a "sell (d)" rating on shares of Kronos Worldwide in a research note on Friday, March 27th. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Strong Sell" and an average target price of $6.00.
Check Out Our Latest Stock Report on Kronos Worldwide
Kronos Worldwide Price Performance
Shares of NYSE KRO opened at $7.02 on Wednesday. The firm has a market cap of $807.08 million, a P/E ratio of -6.05 and a beta of 1.00. The company has a quick ratio of 0.99, a current ratio of 2.70 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $6.22 and a 200 day moving average of $5.51. Kronos Worldwide has a twelve month low of $4.08 and a twelve month high of $7.90.
Kronos Worldwide (NYSE:KRO - Get Free Report) last announced its earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.29. The business had revenue of $509.80 million during the quarter, compared to analyst estimates of $524.00 million. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 14.75%. As a group, research analysts expect that Kronos Worldwide will post -0.33 EPS for the current fiscal year.
Hedge Funds Weigh In On Kronos Worldwide
Institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in Kronos Worldwide in the 2nd quarter worth $101,000. Raymond James Financial Inc. bought a new position in Kronos Worldwide in the 2nd quarter worth $42,000. Bank of New York Mellon Corp raised its holdings in Kronos Worldwide by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 804,588 shares of the specialty chemicals company's stock worth $5,286,000 after purchasing an additional 35,224 shares during the period. Money Concepts Capital Corp bought a new position in Kronos Worldwide in the 1st quarter worth $304,000. Finally, Abel Hall LLC bought a new position in Kronos Worldwide in the 1st quarter worth $80,000. 15.11% of the stock is owned by institutional investors.
About Kronos Worldwide
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Kronos Worldwide, Inc is a leading global producer of titanium dioxide (TiO₂) pigments, a white pigment widely used in paints, coatings, plastics, paper, and many other industrial and consumer applications. Headquartered in Dallas, Texas, the company markets its products under the “Kronos” brand and has built a reputation for high-quality pigment performance, technical support, and reliable supply. Kronos serves a diverse customer base across coatings manufacturers, plastic compounders, and paper producers, delivering solutions tailored to enhance opacity, color strength, and durability.
In addition to its core TiO₂ offerings, Kronos produces and markets iron oxide pigments and zircon-based specialty chemicals, expanding its portfolio to meet the needs of markets such as construction, ceramics, and glass.
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