Shares of Kraton Corp (NYSE:KRA) have earned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $57.50.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a report on Friday, September 21st. UBS Group lifted their target price on shares of Kraton from $38.00 to $39.00 and gave the company a “sell” rating in a report on Thursday, July 26th. Loop Capital set a $76.00 target price on shares of Kraton and gave the company a “buy” rating in a report on Wednesday, August 15th. Zacks Investment Research lowered shares of Kraton from a “hold” rating to a “sell” rating in a report on Thursday, October 18th. Finally, SunTrust Banks lowered shares of Kraton from a “buy” rating to a “hold” rating in a report on Friday, October 26th.
In related news, CEO Kevin Michael Fogarty sold 27,748 shares of Kraton stock in a transaction on Friday, September 21st. The shares were sold at an average price of $50.00, for a total value of $1,387,400.00. Following the sale, the chief executive officer now owns 273,281 shares of the company’s stock, valued at approximately $13,664,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stephen E. Tremblay sold 13,085 shares of Kraton stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $49.50, for a total transaction of $647,707.50. Following the completion of the sale, the insider now directly owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. Insiders sold a total of 50,007 shares of company stock worth $2,489,221 in the last three months. 4.71% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Chicago Equity Partners LLC acquired a new stake in Kraton in the 3rd quarter valued at $1,337,000. Acadian Asset Management LLC acquired a new stake in Kraton in the 3rd quarter valued at $240,000. Frontier Capital Management Co. LLC grew its stake in Kraton by 1.7% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 2,745,924 shares of the specialty chemicals company’s stock valued at $129,470,000 after acquiring an additional 45,536 shares during the period. Assenagon Asset Management S.A. grew its stake in Kraton by 665.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 166,549 shares of the specialty chemicals company’s stock valued at $7,853,000 after acquiring an additional 144,788 shares during the period. Finally, James Investment Research Inc. grew its stake in Kraton by 3.7% in the 3rd quarter. James Investment Research Inc. now owns 65,140 shares of the specialty chemicals company’s stock valued at $3,071,000 after acquiring an additional 2,320 shares during the period. 96.85% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:KRA opened at $28.96 on Friday. The company has a quick ratio of 1.04, a current ratio of 2.33 and a debt-to-equity ratio of 2.11. The company has a market cap of $888.41 million, a PE ratio of 10.16 and a beta of 1.27. Kraton has a 1-year low of $26.72 and a 1-year high of $53.99.
Kraton (NYSE:KRA) last posted its earnings results on Wednesday, October 24th. The specialty chemicals company reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.19). The firm had revenue of $523.11 million for the quarter, compared to analysts’ expectations of $528.00 million. Kraton had a net margin of 5.87% and a return on equity of 14.83%. Analysts expect that Kraton will post 3.43 earnings per share for the current fiscal year.
Kraton Company Profile
Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.
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