Kraton Corporation (NYSE:KRA) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Kraton Corporation (NYSE:KRA) from a hold rating to a buy rating in a research note released on Thursday, October 26th.

Other analysts have also issued reports about the stock. BidaskClub upgraded shares of Kraton Corporation from a hold rating to a buy rating in a research report on Friday, August 25th. SunTrust Banks, Inc. reiterated a buy rating and issued a $55.00 price target (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 started coverage on shares of Kraton Corporation in a research report on Friday, September 29th. They set a buy rating and a $65.00 target price for the company. Loop Capital started coverage on shares of Kraton Corporation in a research report on Thursday, September 28th. They set a buy rating and a $65.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Kraton Corporation from a hold rating to a buy rating and set a $47.00 target price for the company in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $51.50.

Shares of Kraton Corporation (NYSE:KRA) traded down $0.26 during midday trading on Thursday, reaching $48.44. 364,500 shares of the company were exchanged, compared to its average volume of 370,701. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. The stock has a market cap of $1,515.98, a PE ratio of 19.61 and a beta of 1.21. Kraton Corporation has a one year low of $25.09 and a one year high of $51.23.

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

TRADEMARK VIOLATION WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international trademark and copyright law. The legal version of this news story can be accessed at https://www.dispatchtribunal.com/2017/11/12/kraton-corporation-kra-upgraded-to-buy-at-valuengine.html.

In other news, SVP James Leo Simmons sold 6,950 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.39, for a total value of $329,360.50. Following the transaction, the senior vice president now directly owns 25,000 shares in the company, valued at $1,184,750. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $39.64, for a total transaction of $840,447.28. Following the completion of the transaction, the senior vice president now owns 48,819 shares in the company, valued at $1,935,185.16. The disclosure for this sale can be found here. In the last three months, insiders sold 218,614 shares of company stock worth $10,434,139. Insiders own 5.01% of the company’s stock.

A number of institutional investors have recently modified their holdings of KRA. US Bancorp DE grew its holdings in 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 acquiring an additional 21 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Kraton Corporation in the 3rd quarter valued at about $169,000. State of Alaska Department of Revenue boosted its holdings 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 boosted its holdings 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. bought a new stake in shares of Kraton Corporation in the 2nd quarter valued at about $220,000. Institutional investors own 95.49% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Kraton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply