Kraton Corporation (NYSE:KRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Saturday, October 28th. The brokerage presently has a $56.00 target price on the specialty chemicals company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 18.37% from the company’s previous close.
According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
A number of other equities research analysts also recently issued reports on KRA. TheStreet downgraded Kraton Corporation from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. ValuEngine upgraded Kraton Corporation from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. UBS AG increased their target price on Kraton Corporation from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Wednesday, October 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $55.00 price objective (up previously from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call. Finally, Loop Capital began coverage on Kraton Corporation in a research note on Thursday, September 28th. They issued a “buy” rating and a $65.00 target price for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $51.50.
Kraton Corporation (NYSE:KRA) traded down $0.13 on Friday, reaching $47.31. The company had a trading volume of 242,529 shares, compared to its average volume of 323,149. The company has a current ratio of 2.27, a quick ratio of 1.19 and a debt-to-equity ratio of 2.85. Kraton Corporation has a fifty-two week low of $25.09 and a fifty-two week high of $51.23. The company has a market cap of $1,480.00, a price-to-earnings ratio of 19.59 and a beta of 1.21.
Kraton Corporation (NYSE:KRA) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.57. The business had revenue of $510.90 million during the quarter, compared to analysts’ expectations of $481.77 million. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. equities research analysts anticipate that Kraton Corporation will post 2.96 EPS for the current fiscal year.
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In other news, SVP Holger R. Jung sold 21,202 shares of the firm’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $39.64, for a total value of $840,447.28. Following the transaction, the senior vice president now owns 48,819 shares of the company’s stock, valued at approximately $1,935,185.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen E. Tremblay sold 49,623 shares of Kraton Corporation stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the completion of the transaction, the insider now directly owns 83,930 shares of the company’s stock, valued at $4,030,318.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,614 shares of company stock worth $10,434,139. Corporate insiders own 5.01% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. US Bancorp DE raised its position in shares of Kraton Corporation by 0.6% during the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 21 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Kraton Corporation in the 3rd quarter valued at $169,000. State of Alaska Department of Revenue raised its stake in shares of Kraton Corporation by 80.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock valued at $211,000 after buying an additional 2,742 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of Kraton Corporation by 31.4% in the 3rd quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 1,282 shares in the last quarter. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Kraton Corporation in the 2nd quarter valued at $220,000. 95.44% of the stock is owned by hedge funds and other institutional investors.
Kraton Corporation Company Profile
Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.
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