KMG Chemicals Inc. (NYSE:KMG) has received a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $31.00 for the company and are expecting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned KMG Chemicals an industry rank of 66 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of KMG Chemicals from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd.
A number of hedge funds have recently bought and sold shares of KMG. Algert Global LLC boosted its stake in KMG Chemicals by 88.0% in the first quarter. Algert Global LLC now owns 19,148 shares of the company’s stock valued at $442,000 after buying an additional 8,965 shares in the last quarter. Trigran Investments Inc. boosted its stake in KMG Chemicals by 4.7% in the first quarter. Trigran Investments Inc. now owns 1,709,761 shares of the company’s stock valued at $39,445,000 after buying an additional 76,806 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in KMG Chemicals by 1.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 213,949 shares of the company’s stock valued at $4,936,000 after buying an additional 2,725 shares in the last quarter. State Street Corp boosted its stake in KMG Chemicals by 0.3% in the first quarter. State Street Corp now owns 139,191 shares of the company’s stock valued at $3,213,000 after buying an additional 368 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in KMG Chemicals by 1.3% in the first quarter. Geode Capital Management LLC now owns 52,391 shares of the company’s stock valued at $1,208,000 after buying an additional 690 shares in the last quarter. Institutional investors and hedge funds own 68.91% of the company’s stock.
Shares of KMG Chemicals (NYSE:KMG) opened at 28.37 on Monday. The stock has a 50 day moving average of $27.89 and a 200-day moving average of $25.20. The firm has a market capitalization of $332.92 million, a P/E ratio of 18.53 and a beta of 0.85. KMG Chemicals has a 52-week low of $18.50 and a 52-week high of $29.45.
About KMG Chemicals
KMG Chemicals, Inc manufactures, formulates and globally distributes specialty chemicals. The Company operates businesses selling electronic chemicals, industrial wood treating chemicals and industrial valve lubricants and sealants. The Company operates through two segments: Electronic chemicals and Other chemicals.
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