Kronos Worldwide (NYSE:KRO – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.
Several other equities analysts have also recently issued reports on KRO. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kronos Worldwide in a research note on Wednesday, June 24th. Wall Street Zen raised shares of Kronos Worldwide from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.00.
Check Out Our Latest Stock Report on Kronos Worldwide
Kronos Worldwide Trading Up 0.7%
Kronos Worldwide (NYSE:KRO – Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The specialty chemicals company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.29. Kronos Worldwide had a negative net margin of 7.12% and a negative return on equity of 15.01%. The firm had revenue of $509.80 million for the quarter, compared to analysts’ expectations of $524.00 million. On average, equities analysts forecast that Kronos Worldwide will post -0.33 EPS for the current fiscal year.
Institutional Investors Weigh In On Kronos Worldwide
Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Kronos Worldwide in the 2nd quarter valued at approximately $42,000. Jain Global LLC acquired a new stake in shares of Kronos Worldwide in the fourth quarter worth $46,000. Pilgrim Partners Asia Pte Ltd boosted its position in shares of Kronos Worldwide by 68.1% in the fourth quarter. Pilgrim Partners Asia Pte Ltd now owns 11,600 shares of the specialty chemicals company’s stock worth $51,000 after buying an additional 4,700 shares during the period. Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Kronos Worldwide in the fourth quarter worth $53,000. Finally, Alpine Global Management LLC purchased a new position in shares of Kronos Worldwide during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 15.11% of the company’s stock.
Kronos Worldwide Company Profile
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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