StockNews.com Upgrades Kronos Worldwide (NYSE:KRO) to “Strong-Buy”

Kronos Worldwide (NYSE:KRO) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Separately, Barclays boosted their price objective on Kronos Worldwide from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 25th. Two analysts have rated the stock with a sell rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.00.

Kronos Worldwide Stock Performance

Shares of NYSE KRO traded up $0.03 during trading hours on Monday, hitting $9.54. 106,208 shares of the stock were exchanged, compared to its average volume of 157,264. Kronos Worldwide has a one year low of $8.26 and a one year high of $14.50. The company’s 50 day moving average is $10.24 and its 200 day moving average is $11.16. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.68 and a quick ratio of 1.30. The firm has a market capitalization of $1.10 billion, a P/E ratio of 11.77 and a beta of 1.16.

Institutional Investors Weigh In On Kronos Worldwide

A number of institutional investors have recently added to or reduced their stakes in KRO. Twelve Points Wealth Management LLC raised its holdings in Kronos Worldwide by 2.5% in the 3rd quarter. Twelve Points Wealth Management LLC now owns 36,289 shares of the specialty chemicals company’s stock valued at $452,000 after acquiring an additional 901 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Kronos Worldwide by 3.7% in the second quarter. Rhumbline Advisers now owns 32,817 shares of the specialty chemicals company’s stock valued at $412,000 after purchasing an additional 1,162 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Kronos Worldwide by 83.3% in the third quarter. nVerses Capital LLC now owns 4,400 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 2,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Kronos Worldwide by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 179,652 shares of the specialty chemicals company’s stock worth $2,237,000 after purchasing an additional 3,833 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Kronos Worldwide during the third quarter worth $67,000. 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.