Kronos Worldwide (NYSE:KRO) Cut to "C" at TheStreet - MarketBeat

2022-10-08 11:15:56 By : Mr. Steven Wei

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Kronos Worldwide (NYSE:KRO - Get Rating) was downgraded by analysts at TheStreet from a "b-" rating to a "c" rating in a research report issued on Thursday, TheStreetRatingsTable reports.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Kronos Worldwide from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their target price on Kronos Worldwide from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Wednesday, August 17th. Finally, Barclays cut their price target on Kronos Worldwide from $15.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday.Kronos Worldwide Price Performance

Shares of KRO stock opened at $9.34 on Thursday. The stock has a 50 day moving average of $13.88 and a two-hundred day moving average of $15.88. The company has a current ratio of 4.43, a quick ratio of 2.89 and a debt-to-equity ratio of 0.50. Kronos Worldwide has a 12 month low of $8.71 and a 12 month high of $19.78. The company has a market capitalization of $1.08 billion, a P/E ratio of 6.27 and a beta of 1.05.

Kronos Worldwide (NYSE:KRO - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The specialty chemicals company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.51 by ($0.11). The firm had revenue of $565.30 million during the quarter, compared to the consensus estimate of $541.71 million. Kronos Worldwide had a return on equity of 19.49% and a net margin of 8.05%. As a group, equities analysts expect that Kronos Worldwide will post 1.58 EPS for the current year. Institutional Trading of Kronos Worldwide

A number of large investors have recently bought and sold shares of KRO. Victory Capital Management Inc. boosted its position in shares of Kronos Worldwide by 49.0% during the 1st quarter. Victory Capital Management Inc. now owns 791,371 shares of the specialty chemicals company's stock worth $12,045,000 after purchasing an additional 260,189 shares in the last quarter. Federated Hermes Inc. purchased a new position in Kronos Worldwide in the 2nd quarter valued at approximately $4,204,000. ClariVest Asset Management LLC purchased a new position in Kronos Worldwide in the 2nd quarter valued at approximately $2,813,000. Assenagon Asset Management S.A. purchased a new position in Kronos Worldwide in the 1st quarter valued at approximately $1,576,000. Finally, Los Angeles Capital Management LLC grew its stake in Kronos Worldwide by 242.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 122,595 shares of the specialty chemicals company's stock valued at $1,903,000 after buying an additional 86,759 shares in the last quarter. 15.33% of the stock is currently owned by institutional investors and hedge funds. Kronos Worldwide Company Profile (Get Rating)

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.Featured StoriesGet a free copy of the StockNews.com research report on Kronos Worldwide (KRO)EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30This Is A Memorable Time To Buy Into Micron TechnologyDeclining Profits Challenge the CarMax Value Proposition How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?

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