In a report released today, Michael Leithead from Barclays maintained a Sell rating on Kronos Worldwide (KRO – Research Report), with a price target of $9.00. The company’s shares closed yesterday at $12.54.
According to TipRanks, Leithead is a 4-star analyst with an average return of 6.5% and a 60.82% success rate. Leithead covers the Basic Materials sector, focusing on stocks such as Westlake Chemical, Chemours Company, and Celanese.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Kronos Worldwide with a $10.00 average price target.
KRO market cap is currently $1.44B and has a P/E ratio of -55.91.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of KRO in relation to earlier this year.
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Kronos Worldwide (KRO) Company Description:
Kronos Worldwide, Inc. engages in the production and market of value-added titanium dioxide pigments. The firm sells and provides technical services for its products to customers in Europe and North America. It offers its customers a portfolio of products that include TiO2 pigment grades under the Kronos trademark. Its customers include domestic and international paint, plastics and paper manufacturers. The company was founded in 1916 and is headquartered in Dallas, TX.
