The stock of KMG Chemicals, Inc. (NYSE:KMG) hit a new 52-week high and has $35.19 target or 6.00% above today’s $33.20 share price. The 6 months bullish chart indicates low risk for the $389.57 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $35.19 price target is reached, the company will be worth $23.37M 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 18,195 shares traded hands. KMG Chemicals, Inc. (NYSE:KMG) has risen 37.75% since April 26, 2016 and is uptrending. It has outperformed by 32.49% the S&P500.
Analysts await KMG Chemicals, Inc. (NYSE:KMG) to report earnings on December, 12 after the close. They expect $0.45 EPS, up 7.14% or $0.03 from last year’s $0.42 per share. KMG’s profit will be $5.28 million for 18.44 P/E if the $0.45 EPS becomes a reality. After $0.38 actual EPS reported by KMG Chemicals, Inc. for the previous quarter, Wall Street now forecasts 18.42% EPS growth.
KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage
Out of 2 analysts covering KMG Chemicals (NYSE:KMG), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. KMG Chemicals has been the topic of 4 analyst reports since August 12, 2015 according to StockzIntelligence Inc. The stock of KMG Chemicals, Inc. (NYSE:KMG) has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities. As per Wednesday, August 12, the company rating was downgraded by Zacks. As per Monday, August 31, the company rating was downgraded by Zacks. Seaport Global Securities upgraded KMG Chemicals, Inc. (NYSE:KMG) rating on Friday, December 11. Seaport Global Securities has “Buy” rating and $26 price target.
According to Zacks Investment Research, “KMG Chemicals manufactures, markets and distributes specialty, niche chemicals. The company manufactures, markets and distributes three wood preserving chemicals, pentachlorophenol, creosote and sodium pentachlorophenate, to industrial customers engaged in the wood preserving business. The company’s customers use these preservatives to treat wood and supply the treated wood products to end-users in a variety of industries, principally the railroad, utility and construction industries.”
Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.25, from 1.25 in 2016Q1. The ratio is negative, as 5 funds sold all KMG Chemicals, Inc. shares owned while 27 reduced positions. 17 funds bought stakes while 23 increased positions. They now own 7.99 million shares or 11.62% less from 9.04 million shares in 2016Q1.
California State Teachers Retirement Sys accumulated 0% or 18,902 shares. Gsa Cap Prtnrs Limited Liability Partnership reported 60,164 shares or 0.09% of all its holdings. Morgan Dempsey Capital Mgmt Lc accumulated 100,430 shares or 0.88% of the stock. Comml Bank Of Mellon owns 50,059 shares or 0% of their US portfolio. Blackrock last reported 2,409 shares in the company. Tiaa Cref Mgmt Ltd Llc reported 27,308 shares or 0% of all its holdings. Secor Advsr Ltd Partnership has 11,680 shares for 0.04% of their US portfolio. Gradient Invests accumulated 0.01% or 2,000 shares. Rhumbline Advisers has 0% invested in the company for 12,744 shares. California Pub Employees Retirement System has 0% invested in the company for 45,200 shares. Blackrock Advsrs Limited Liability Corporation has 4,789 shares for 0% of their US portfolio. The Massachusetts-based Panagora Asset Mgmt has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Susquehanna Intl Ltd Liability Partnership owns 17,200 shares or 0% of their US portfolio. Royal Retail Bank Of Canada, a Ontario – Canada-based fund reported 15,300 shares. Earnest Prns holds 1,700 shares or 0% of its portfolio.
Another recent and important KMG Chemicals, Inc. (NYSE:KMG) news was published by Marketwatch.com which published an article titled: “KMG Chemicals rockets 12%, paces NYSE gainers after Q1 results late Thursday” on September 24, 2011.
KMG Company Profile
KMG Chemicals, Inc., incorporated on July 30, 1992, makes, formulates and globally distributes specialty chemicals. The Firm operates businesses selling electronic chemicals, industrial wood treating chemicals, and industrial valve lubricants and sealants. The Firm operates through two divisions: Electronic chemicals and Other chemicals. The Firm operates through its subsidiaries, KMG Electronic Chemicals, Inc. (KMG EC), KMG-Bernuth, Inc. (KMG Bernuth) and KMG Val-Tex, LLC (Val-Tex).
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