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.
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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.
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