Notable Price Action: What Next for Kronos Worldwide, Inc. Stock After Touching 52-Week High?

Notable Price Action: What Next for Kronos Worldwide, Inc. Stock After Touching 52 Week High?

The stock of Kronos Worldwide, Inc. (NYSE:KRO) hit a new 52-week high and has $12.95 target or 4.00% above today’s $12.45 share price. The 6 months bullish chart indicates low risk for the $1.43B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $12.95 price target is reached, the company will be worth $57.20M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 425,072 shares traded hands or 22.99% up from the average. Kronos Worldwide, Inc. (NYSE:KRO) has risen 88.99% since April 25, 2016 and is uptrending. It has outperformed by 82.98% the S&P500.

Analysts await Kronos Worldwide, Inc. (NYSE:KRO) to report earnings on March, 9. They expect $0.08 earnings per share, up 144.44% or $0.26 from last year’s $-0.18 per share. KRO’s profit will be $9.19M for 38.91 P/E if the $0.08 EPS becomes a reality. After $0.19 actual earnings per share reported by Kronos Worldwide, Inc. for the previous quarter, Wall Street now forecasts -57.89% negative EPS growth.

Kronos Worldwide, Inc. (NYSE:KRO) Ratings Coverage

Out of 2 analysts covering Kronos Worldwide (NYSE:KRO), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Kronos Worldwide has been the topic of 2 analyst reports since August 19, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment increased to 1.36 in 2016 Q2. Its up 0.28, from 1.08 in 2016Q1. The ratio is positive, as 11 funds sold all Kronos Worldwide, Inc. shares owned while 29 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 14.28 million shares or 15.98% less from 17.00 million shares in 2016Q1.
Legal General Group Inc Public Ltd Com has 3,948 shares for 0% of their US portfolio. The Switzerland-based Credit Suisse Ag has invested 0% in Kronos Worldwide, Inc. (NYSE:KRO). Ameriprise last reported 20,518 shares in the company. Natl Bank Of Montreal Can, a Ontario – Canada-based fund reported 9,917 shares. Blackrock owns 7,844 shares or 0% of their US portfolio. Anchor Cap Advisors Ltd Liability Com owns 148,681 shares or 0.02% of their US portfolio. Blackrock Fund, a California-based fund reported 520,362 shares. Morgan Stanley holds 251,971 shares or 0% of its portfolio. Ahl Ptnrs Llp last reported 12,303 shares in the company. State Board Of Administration Of Florida Retirement System accumulated 0% or 18,457 shares. Jpmorgan Chase & Com owns 554 shares or 0% of their US portfolio. Royal Bancshares Of Canada last reported 5,054 shares in the company. Moreover, M&T Natl Bank Corp has 0% invested in Kronos Worldwide, Inc. (NYSE:KRO) for 10,591 shares. Whittier Trust Co last reported 0% of its portfolio in the stock. Manufacturers Life Insurance The last reported 3,268 shares in the company.

More news for Kronos Worldwide, Inc. (NYSE:KRO) were recently published by: Equitiesfocus.com, which released: “Kronos Worldwide Inc (NYSE:KRO) Stock Gets Revised Target Of $7.42” on November 28, 2016. Zacks.com‘s article titled: “Kronos Worldwide Hits a New 52-Week High on Solid View” and published on November 22, 2016 is yet another important article.

KRO Company Profile

Kronos Worldwide, Inc. (Kronos), incorporated on October 13, 1989, 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 in over 100 countries with sales in Europe and North America. The Firm offers its clients a portfolio of products that include over 40 different TiO2 pigment grades under the Kronos brand, which provides a range of performance properties. It offers its products to domestic and international paint, plastics, decorative laminate and paper manufacturers. It ships TiO2 to its clients in either a powder or slurry form through rail, truck or ocean carrier. It sells and provides technical services for its products in three end-use markets, which include coatings, plastics and paper. It produces TiO2 in over two crystalline forms, which include rutile and anatase. Rutile TiO2 is manufactured using both a chloride production process and a sulfate production process, whereas anatase TiO2 is only produced using a sulfate production process.

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