Brokerages Set KMG Chemicals, Inc. (KMG) PT at $79.00

KMG Chemicals, Inc. (NYSE:KMG) has earned an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $79.00.

A number of brokerages recently weighed in on KMG. Fraser Mackenzie reiterated a “buy” rating on shares of KMG Chemicals in a research report on Friday, November 2nd. ValuEngine downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of KMG Chemicals from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Thursday, October 4th. Seaport Global Securities downgraded shares of KMG Chemicals from a “buy” rating to a “neutral” rating in a research report on Friday, September 14th. Finally, Gabelli downgraded shares of KMG Chemicals from a “buy” rating to a “hold” rating in a research report on Thursday, August 16th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. increased its stake in KMG Chemicals by 24,200.0% during the 1st quarter. Sei Investments Co. now owns 2,673 shares of the specialty chemicals company’s stock worth $160,000 after purchasing an additional 2,662 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in KMG Chemicals during the 2nd quarter worth approximately $205,000. Teacher Retirement System of Texas bought a new stake in KMG Chemicals during the 2nd quarter worth approximately $208,000. Trexquant Investment LP bought a new stake in KMG Chemicals during the 3rd quarter worth approximately $273,000. Finally, Brookstone Capital Management bought a new stake in KMG Chemicals during the 3rd quarter worth approximately $294,000. 86.27% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:KMG traded down $0.24 during mid-day trading on Friday, reaching $76.19. The stock had a trading volume of 268,743 shares, compared to its average volume of 208,867. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.58 and a beta of 0.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.62 and a quick ratio of 1.71. KMG Chemicals has a twelve month low of $50.67 and a twelve month high of $79.35.

KMG Chemicals (NYSE:KMG) last announced its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.28. KMG Chemicals had a net margin of 13.93% and a return on equity of 16.69%. Equities research analysts expect that KMG Chemicals will post 4.64 earnings per share for the current year.

KMG Chemicals Company Profile

KMG Chemicals, Inc, through its subsidiaries, manufactures, formulates, and distributes specialty chemicals and performance materials worldwide. The company's Electronic Chemicals segment is involved in the sale of high purity process chemicals primarily to etch and clean silicon wafers in the production of semiconductors, photovoltaics, and flat panel displays.

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Analyst Recommendations for KMG Chemicals (NYSE:KMG)

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