The stock of KMG Chemicals, Inc. (NYSE:KMG) reached all time high today, Nov, 29 and still has $34.35 target or 3.00% above today’s $33.35 share price. This indicates more upside for the $391.33 million company. This technical setup was reported by Barchart.com. If the $34.35 PT is reached, the company will be worth $11.74 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 28,943 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 18.53 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) earned “Hold” rating by Zacks on Monday, August 31. The company was upgraded on Friday, December 11 by Seaport Global Securities. On Wednesday, August 12 the stock rating was downgraded by Zacks to “Strong-Buy”. The company was upgraded on Wednesday, August 26 by Global Hunter Securities.
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 2016 Q2. Its down 0.25, from 1.25 in 2016Q1. The ratio fall, 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.
Bridgeway Cap Mngmt holds 116,700 shares or 0.05% of its portfolio. Moreover, Hodges has 0.06% invested in KMG Chemicals, Inc. (NYSE:KMG) for 50,300 shares. California Public Employees Retirement holds 0% of its portfolio in KMG Chemicals, Inc. (NYSE:KMG) for 45,200 shares. Blackrock Fund Advsr holds 0% or 232,863 shares in its portfolio. The New York-based Morgan Stanley has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Eagle Global Advisors Limited Liability Corp owns 24,525 shares or 0.02% of their US portfolio. The California-based Wcm Inv Mngmt Ca has invested 0.02% in KMG Chemicals, Inc. (NYSE:KMG). Acadian Asset Mngmt Limited Liability Corporation has 0.03% invested in the company for 210,710 shares. Gsa Ptnrs Ltd Liability Partnership has 0.09% invested in the company for 60,164 shares. American Intll Gru Inc last reported 5,189 shares in the company. Millennium Mgmt Limited Liability Com has 0.01% invested in the company for 112,816 shares. The New York-based Tower Rech (Trc) has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Springbok Cap Ltd Liability reported 8,400 shares or 0.03% of all its holdings. Mufg Americas Hldgs Corp has 0% invested in the company for 450 shares. Royal National Bank & Trust Of Canada accumulated 15,300 shares or 0% of the stock.
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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