Market Overview

Oppenheimer Reiterates Outperform Rating, $36 PT for Kronos Worldwide

Related KRO
Celanese to Expand Kentucky Plant - Analyst Blog
Kronos Worldwide (KRO) is Oversold: Can It Recover? - Tale of the Tape

In a company update published earlier today, Oppenheimer Holdings reiterated its Outperform rating and $36 price target for Kronos Worldwide, Inc. (NYSE: KRO).

Oppenheimer went on to say β€œKRO disclosed that in the process of refinancing existing 6.5% debt, it is evaluating a special dividend of up to $1.00/share. The company paid a $1 special dividend last year as well. Separately, it also declared a regular quarterly dividend of $0.15/share, payable on June 21, 2012. KRO generates ~$3/share after tax-free cash flow and is on a run-rate to be net-debt free within the next 18 months, so has ample capacity to return cash to share-owners.”

Kronos Worldwide, Inc. closed yesterday at $20.32.

Posted-In: Oppenheimer HoldingsAnalyst Color Reiteration Analyst Ratings


Most Popular

Related Articles (KRO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters