Can analysts adopt a bullish outlook for KMG Chemicals, Inc. (NYSE:KMG)?

January 14, 2018 - By Maria Brooks

 Can analysts adopt a bullish outlook for KMG Chemicals, Inc. (NYSE:KMG)?
Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.71, from 1.66 in 2017Q2. It turned 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.
Moreover, Renaissance Lc has 0.03% invested in KMG Chemicals, Inc. (NYSE:KMG). Tower Research Cap Limited Company (Trc) invested in 0.01% or 1,197 shares. Contravisory Invest Management owns 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 9 shares. Sei Invs owns 0% invested in KMG Chemicals, Inc. (NYSE:KMG) for 852 shares. New York-based Indexiq Ltd Co has invested 0.04% in KMG Chemicals, Inc. (NYSE:KMG). 57,746 are owned by Ajo Lp. New York-based Spark Mgmt Ltd has invested 0.13% in KMG Chemicals, Inc. (NYSE:KMG). Wells Fargo Mn stated it has 312,563 shares or 0.01% of all its holdings. Swiss Bank & Trust, a Switzerland-based fund reported 15,800 shares. First Tru Advisors Lp, Illinois-based fund reported 6,387 shares. Los Angeles Capital Mgmt Equity, a California-based fund reported 17,035 shares. Dimensional Fund Advisors Lp owns 593,780 shares. Envestnet Asset Inc accumulated 43 shares. Pub Employees Retirement Sys Of Ohio holds 0% in KMG Chemicals, Inc. (NYSE:KMG) or 9,043 shares. Secor Capital Advisors Limited Partnership reported 18,308 shares.

Since July 31, 2017, it had 0 insider purchases, and 28 sales 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. On Wednesday, December 14 the stock rating was downgraded by Gabelli to “Hold”. The firm has “Buy” rating given on Friday, December 11 by Seaport Global Securities. Gabelli upgraded KMG Chemicals, Inc. (NYSE:KMG) on Monday, May 1 to “Buy” rating. The stock of KMG Chemicals, Inc. (NYSE:KMG) earned “Hold” rating by Zacks on Monday, August 31. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, December 13. The stock of KMG Chemicals, Inc. (NYSE:KMG) has “Neutral” rating given on Wednesday, August 26 by Global Hunter Securities. The stock has “Strong-Buy” rating by Zacks on Wednesday, August 12. 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: Seekingalpha.com which released: “KMG Chemicals: The Story Is Playing Out” on December 17, 2017, also Nasdaq.com published article titled: “KMG Chemicals, Black Hills, CounterPath, eGain and SeaChange International …”, 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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