Kraton Corporation (NYSE:KRA) Downgraded by TheStreet to “C”

TheStreet downgraded shares of Kraton Corporation (NYSE:KRA) from a b- rating to a c rating in a research note released on Wednesday, October 25th.

Other analysts have also recently issued reports about the company. BidaskClub raised Kraton Corporation from a hold rating to a buy rating in a research report on Friday, August 25th. SunTrust Banks, Inc. reaffirmed a buy rating and issued a $55.00 price objective (up 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. UBS AG began coverage on Kraton Corporation in a research report on Friday, September 29th. They issued a buy rating and a $65.00 price objective on the stock. Loop Capital began coverage on Kraton Corporation in a report on Thursday, September 28th. They set a buy rating and a $65.00 price target on the stock. Finally, Zacks Investment Research raised Kraton Corporation from a hold rating to a buy rating and set a $47.00 price target on the stock in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $51.50.

Kraton Corporation (NYSE KRA) opened at $48.44 on Wednesday. Kraton Corporation has a twelve month low of $25.09 and a twelve month high of $51.23. The company has a market capitalization of $1,515.98, a PE ratio of 19.61 and a beta of 1.21. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85.

Kraton Corporation (NYSE:KRA) last announced its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. Kraton Corporation had a return on equity of 14.19% and a net margin of 1.27%. The company had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same quarter in the previous year, the business earned $0.63 EPS. Kraton Corporation’s revenue was up 12.5% compared to the same quarter last year. research analysts expect that Kraton Corporation will post 2.96 EPS for the current year.

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In other Kraton Corporation news, CEO Kevin Michael Fogarty sold 81,430 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.09, for a total transaction of $3,997,398.70. Following the completion of the transaction, the chief executive officer now owns 278,119 shares of the company’s stock, valued at approximately $13,652,861.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barry J. Goldstein sold 16,651 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total transaction of $818,396.65. Following the completion of the transaction, the director now directly owns 42,323 shares of the company’s stock, valued at approximately $2,080,175.45. The disclosure for this sale can be found here. Insiders sold a total of 218,614 shares of company stock valued at $10,434,139 in the last quarter. 5.01% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its holdings in shares of Kraton Corporation by 0.6% in the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after acquiring an additional 21 shares during the last quarter. SG Americas Securities LLC bought a new stake in Kraton Corporation in the third quarter worth about $169,000. LS Investment Advisors LLC lifted its stake in Kraton Corporation by 31.4% in the third quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock worth $217,000 after purchasing an additional 1,282 shares during the last quarter. 361 Capital LLC bought a new stake in Kraton Corporation in the third quarter worth about $223,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Kraton Corporation in the third quarter worth about $243,000. 95.49% 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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