Is there a Bearish outlook for KMG Chemicals, Inc. (NYSE:KMG) this week?

January 14, 2018 - By Adrian Erickson

 Is there a Bearish outlook for KMG Chemicals, Inc. (NYSE:KMG) this week?
Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.71, from 1.66 in 2017Q2. It is negative, as 14 investors sold KMG Chemicals, Inc. shares while 47 reduced holdings. 21 funds opened positions while 37 raised stakes. 8.47 million shares or 0.73% less from 8.53 million shares in 2017Q2 were reported.
The Texas-based Hodges Mgmt has invested 0.01% in KMG Chemicals, Inc. (NYSE:KMG). Oppenheimer Asset Mgmt accumulated 0% or 2,598 shares. 47,031 are held by Clarivest Asset Management. Strs Ohio, Ohio-based fund reported 14,300 shares. Tiaa Cref Invest Mgmt Llc has invested 0% in KMG Chemicals, Inc. (NYSE:KMG). Boothbay Fund Management Ltd Liability Corporation holds 5,637 shares. Mufg Americas Holdings has 145 shares. Martingale Asset L P reported 28,408 shares stake. 35,571 are owned by Schwab Charles Management. Morgan Stanley has 62,273 shares. Vanguard Grp accumulated 407,003 shares. Cadence Mngmt holds 0.11% or 32,319 shares in its portfolio. Bnp Paribas Arbitrage owns 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 962 shares. Jpmorgan Chase & Co, New York-based fund reported 26,200 shares. The Massachusetts-based Acadian Asset Management Lc has invested 0.09% in KMG Chemicals, Inc. (NYSE:KMG).

Since July 31, 2017, it had 0 buys, and 28 selling transactions for $17.11 million activity.

KMG Chemicals, Inc. (NYSE:KMG) Ratings Coverage

Among 4 analysts covering KMG Chemicals (NYSE:KMG), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. KMG Chemicals had 8 analyst reports since August 12, 2015 according to SRatingsIntel. The firm has “Hold” rating by Gabelli given on Wednesday, December 14. On Monday, May 1 the stock rating was upgraded by Gabelli to “Buy”. Seaport Global Securities upgraded it to “Buy” rating and $26 target in Friday, December 11 report. The company was upgraded on Wednesday, August 26 by Global Hunter Securities. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, December 13. The stock of KMG Chemicals, Inc. (NYSE:KMG) has “Strong-Buy” rating given on Wednesday, August 12 by Zacks. Below is a list of KMG Chemicals, Inc. (NYSE:KMG) latest ratings and price target changes.

13/12/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $70.0 Maintain
21/11/2017 Broker: KeyBanc Capital Markets Rating: Overweight New Target: $63 Initiates Coverage On

The stock decreased 1.89% or $1.27 during the last trading session, reaching $65.76. About 246,783 shares traded or 11.27% up from the average. KMG Chemicals, Inc. (NYSE:KMG) has risen 169.63% since January 14, 2017 and is uptrending. It has outperformed by 152.93% the S&P500.

KMG Chemicals, Inc., through its subsidiaries, makes, formulates, and distributes specialty chemicals worldwide. The company has market cap of $1.01 billion. The companyÂ’s Electronic Chemicals segment is involved in the sale of high purity and ultra purity wet process chemicals primarily to clean and etch silicon wafers in the production of semiconductors. It has a 34.45 P/E ratio. This segmentÂ’s products include sulfuric, phosphoric, and nitric and hydrofluoric acids; ammonium hydroxide; hydrogen peroxide; isopropyl alcohol; other specialty organic solvents; and various blends of chemicals.

More important recent KMG Chemicals, Inc. (NYSE:KMG) news were published by: Nasdaq.com which released: “KMG Chemicals, Black Hills, CounterPath, eGain and SeaChange International …” on December 29, 2017, also Seekingalpha.com published article titled: “KMG Chemicals: The Story Is Playing Out”, Nasdaq.com published: “KMG Chemicals, Inc. (KMG) Ex-Dividend Date Scheduled for December 21, 2017” on December 20, 2017. More interesting news about KMG Chemicals, Inc. (NYSE:KMG) was released by: Nasdaq.com and their article: “Zacks.com featured highlights include: Ollie’s Bargain Outlet, Movado, KMG …” with publication date: January 09, 2018.

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