Kronos Worldwide (NYSE:KRO) Price Target Increased to $20.00 by Analysts at Deutsche Bank Aktiengesellschaft

Kronos Worldwide (NYSE:KRO – Get Rating) had its target price boosted by Deutsche Bank Aktiengesellschaft from $18.00 to $20.00 in a report issued on Thursday, The Fly reports.

Other equities research analysts also recently issued reports about the company. StockNews.com initiated coverage on Kronos Worldwide in a report on Thursday, March 31st. They set a strong-buy rating on the stock. Zacks Investment Research upgraded Kronos Worldwide from a hold rating to a buy rating and set a $17.00 price objective on the stock in a report on Friday, March 25th.

Kronos Worldwide stock opened at $18.10 on Thursday. The stock’s 50 day moving average price is $15.70 and its 200 day moving average price is $14.94. The firm has a market capitalization of $2.09 billion, a PE ratio of 13.76 and a beta of 1.13. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.90 and a current ratio of 4.55. Kronos Worldwide has a one year low of $12.06 and a one year high of $18.31.

Kronos Worldwide (NYSE:KRO – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The specialty chemicals company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.28 by $0.22. The firm had revenue of $562.90 million for the quarter, compared to analyst estimates of $504.02 million. Kronos Worldwide had a return on equity of 17.65% and a net margin of 7.40%. On average, analysts forecast that Kronos Worldwide will post 1.28 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 16th. Stockholders of record on Monday, June 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Friday, June 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.20%. Kronos Worldwide’s dividend payout ratio (DPR) is 58.02%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Kronos Worldwide by 40.0% in the 3rd quarter. Royal Bank of Canada now owns 2,875 shares of the specialty chemicals company’s stock valued at $36,000 after acquiring an additional 821 shares during the last quarter. Cornercap Investment Counsel Inc. increased its holdings in shares of Kronos Worldwide by 1.1% in the 1st quarter. Cornercap Investment Counsel Inc. now owns 79,017 shares of the specialty chemicals company’s stock valued at $1,226,000 after acquiring an additional 832 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of Kronos Worldwide by 2.8% in the 4th quarter. California State Teachers Retirement System now owns 31,648 shares of the specialty chemicals company’s stock valued at $475,000 after acquiring an additional 857 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Kronos Worldwide by 108.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,750 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 911 shares during the last quarter. Finally, Tolleson Wealth Management Inc. increased its holdings in shares of Kronos Worldwide by 5.3% in the 3rd quarter. Tolleson Wealth Management Inc. now owns 24,045 shares of the specialty chemicals company’s stock valued at $298,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 14.82% of the company’s stock.

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.

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