The Goldman Sachs Group Issues Pessimistic Forecast for Kronos Worldwide (NYSE:KRO) Stock Price

Kronos Worldwide (NYSE:KRO) had its price target dropped by The Goldman Sachs Group from $11.00 to $8.50 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “sell” rating on the specialty chemicals company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 21.95% from the stock’s current price.

Separately, StockNews.com raised Kronos Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th.

Kronos Worldwide Stock Down 2.8%

Kronos Worldwide stock opened at $6.97 on Wednesday. The firm has a market cap of $801.80 million, a price-to-earnings ratio of 8.60 and a beta of 1.22. Kronos Worldwide has a 52 week low of $6.19 and a 52 week high of $14.50. The business’s 50-day moving average price is $7.35 and its 200 day moving average price is $9.09. The company has a quick ratio of 1.30, a current ratio of 2.68 and a debt-to-equity ratio of 0.56.

Kronos Worldwide (NYSE:KRO) last posted its earnings results on Wednesday, May 7th. The specialty chemicals company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $466.56 million. Kronos Worldwide had a return on equity of 11.74% and a net margin of 5.05%.

Insider Buying and Selling at Kronos Worldwide

In other Kronos Worldwide news, Director Kevin B. Kramer acquired 14,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $7.43 per share, with a total value of $104,020.00. Following the completion of the acquisition, the director now owns 21,460 shares in the company, valued at approximately $159,447.80. This trade represents a 187.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of Kronos Worldwide

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Kronos Worldwide by 3.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,165,098 shares of the specialty chemicals company’s stock valued at $30,859,000 after purchasing an additional 109,674 shares during the period. Vanguard Group Inc. lifted its position in shares of Kronos Worldwide by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,217,961 shares of the specialty chemicals company’s stock valued at $21,625,000 after acquiring an additional 13,869 shares in the last quarter. Boston Partners lifted its position in shares of Kronos Worldwide by 11.6% in the first quarter. Boston Partners now owns 1,575,896 shares of the specialty chemicals company’s stock valued at $11,787,000 after acquiring an additional 163,790 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Kronos Worldwide by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 734,230 shares of the specialty chemicals company’s stock valued at $7,159,000 after acquiring an additional 31,830 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its position in shares of Kronos Worldwide by 2.1% in the fourth quarter. First Eagle Investment Management LLC now owns 489,177 shares of the specialty chemicals company’s stock valued at $4,769,000 after acquiring an additional 10,000 shares in the last quarter. 15.11% of the stock is owned by institutional investors and hedge funds.

About Kronos Worldwide

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.