Kronos Worldwide (KRO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Kronos Worldwide (NYSE:KRO) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “KRONOS WORLDWIDE, INC. is a global producer and marketer of value-added titanium dioxide pigments. The Company along with its distributors and agents, sells and provides technical services for its products to over 4,000 customers in approximately 100 countries with the majority of sales in Europe and North America. “

Several other equities analysts have also commented on the company. ValuEngine raised Kronos Worldwide from a hold rating to a buy rating in a research report on Sunday, December 31st. SunTrust Banks raised their price objective on Kronos Worldwide from $21.00 to $24.00 and gave the company a hold rating in a research report on Wednesday, October 11th. Finally, Barclays raised their price objective on Kronos Worldwide from $17.00 to $24.00 and gave the company an underweight rating in a research report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $24.00.

Kronos Worldwide (KRO) opened at $23.14 on Wednesday. The company has a current ratio of 4.26, a quick ratio of 2.86 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $2,750.00, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 1.96 and a beta of 2.25. Kronos Worldwide has a 52-week low of $13.15 and a 52-week high of $29.49.

Several institutional investors and hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Kronos Worldwide by 5.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,770 shares of the specialty chemicals company’s stock worth $379,000 after purchasing an additional 1,061 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Kronos Worldwide by 11.1% in the 2nd quarter. Alliancebernstein L.P. now owns 30,000 shares of the specialty chemicals company’s stock worth $547,000 after purchasing an additional 3,000 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its position in shares of Kronos Worldwide by 28.2% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 20,000 shares of the specialty chemicals company’s stock worth $455,000 after purchasing an additional 4,400 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Kronos Worldwide by 24.6% in the 2nd quarter. New York State Common Retirement Fund now owns 23,800 shares of the specialty chemicals company’s stock worth $434,000 after purchasing an additional 4,699 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Kronos Worldwide by 4.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 103,665 shares of the specialty chemicals company’s stock worth $2,367,000 after purchasing an additional 4,717 shares during the last quarter. 16.21% of the stock is owned by hedge funds and other institutional investors.

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About Kronos Worldwide

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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