Kronos Worldwide Inc (KRO) PT Raised to $24.00 at SunTrust Banks, Inc.
Kronos Worldwide Inc (NYSE:KRO) had its target price lifted by investment analysts at SunTrust Banks, Inc. from $21.00 to $24.00 in a research note issued on Wednesday. The brokerage presently has a “hold” rating on the specialty chemicals company’s stock. SunTrust Banks, Inc.’s target price points to a potential upside of 0.08% from the company’s previous close.
A number of other research firms have also weighed in on KRO. ValuEngine lowered shares of Kronos Worldwide from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered shares of Kronos Worldwide from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 27th. BidaskClub raised shares of Kronos Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 3rd. Finally, Barclays PLC upped their price objective on shares of Kronos Worldwide from $15.00 to $17.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.67.
Shares of Kronos Worldwide (KRO) traded up 3.67% on Wednesday, hitting $24.86. 752,276 shares of the company traded hands. The firm has a market capitalization of $2.88 billion, a P/E ratio of 67.19 and a beta of 2.17. The firm’s 50-day moving average is $21.93 and its 200 day moving average is $19.28. Kronos Worldwide has a 1-year low of $7.27 and a 1-year high of $24.91.
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A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company lifted its stake in Kronos Worldwide by 5.4% in the second quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after acquiring an additional 1,061 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Kronos Worldwide by 6.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 531,454 shares of the specialty chemicals company’s stock worth $9,683,000 after purchasing an additional 32,593 shares in the last quarter. BlueCrest Capital Management Ltd bought a new position in Kronos Worldwide in the second quarter worth about $1,086,000. Gotham Asset Management LLC bought a new position in Kronos Worldwide in the second quarter worth about $3,661,000. Finally, Goldman Sachs Group Inc. raised its holdings in Kronos Worldwide by 157.3% in the second quarter. Goldman Sachs Group Inc. now owns 38,356 shares of the specialty chemicals company’s stock worth $699,000 after purchasing an additional 23,448 shares in the last quarter. 15.41% of the stock is owned by institutional investors.
Kronos Worldwide Company Profile
Kronos Worldwide, Inc (Kronos) is a producer and marketer of titanium dioxide (TiO2) pigments, a base industrial product that is used in a range of applications. The Company, along with its distributors and agents, sells and provides technical services for its products with sales in Europe and North America.
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