The stock of Kronos Worldwide, Inc. (NYSE:KRO) hit a new 52-week high and has $19.34 target or 62.00% above today’s $11.94 share price. The 7 months bullish chart indicates low risk for the $1.39 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $19.34 price target is reached, the company will be worth $861.80 million 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 223,102 shares traded hands. Kronos Worldwide, Inc. (NYSE:KRO) has risen 72.78% since April 19, 2016 and is uptrending. It has outperformed by 68.92% the S&P500.
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 increased, 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.
Jefferies Gru Ltd Limited Liability Company holds 0% or 11,490 shares in its portfolio. Goldman Sachs Grp Inc accumulated 36,454 shares or 0% of the stock. Citigroup reported 59,799 shares or 0% of all its holdings. National Bank Of Ny Mellon owns 1.39M shares or 0% of their US portfolio. Us Comml Bank De holds 0% of its portfolio in Kronos Worldwide, Inc. (NYSE:KRO) for 1,000 shares. The Illinois-based Citadel Advsr Ltd Liability Co has invested 0% in Kronos Worldwide, Inc. (NYSE:KRO). Parametric Port Assoc Lc reported 35,624 shares or 0% of all its holdings. Kempen Nv, a Netherlands-based fund reported 114,315 shares. Eqis Cap Management last reported 0.02% of its portfolio in the stock. Great West Life Assurance Company Can holds 0% or 1,866 shares in its portfolio. Whittier Tru holds 50 shares or 0% of its portfolio. Ahl Ptnrs Ltd Liability Partnership accumulated 12,303 shares or 0% of the stock. Ladenburg Thalmann Incorporated has invested 0% of its portfolio in Kronos Worldwide, Inc. (NYSE:KRO). Wells Fargo & Company Mn has 0% invested in the company for 17,986 shares. Vanguard Gru has invested 0% of its portfolio in Kronos Worldwide, Inc. (NYSE:KRO).
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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