Kraton Corporation (NYSE:KRA) had its target price lifted by UBS AG from $28.00 to $30.00 in a research report report published on Wednesday, October 25th, www.benzinga.com reports. The firm currently has a sell rating on the specialty chemicals company’s stock.
A number of other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Kraton Corporation from a hold rating to a buy rating and set a $47.00 target price on the stock in a research report on Tuesday, October 17th. SunTrust Banks, Inc. restated a buy rating and issued a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a report on Wednesday, October 11th. They noted that the move was a valuation call. Loop Capital assumed coverage on shares of Kraton Corporation in a report on Thursday, September 28th. They issued a buy rating and a $65.00 price target on the stock. KeyCorp restated a hold rating on shares of Kraton Corporation in a report on Friday, September 1st. Finally, BidaskClub upgraded shares of Kraton Corporation from a hold rating to a buy rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $51.50.
Kraton Corporation (NYSE:KRA) opened at $48.44 on Wednesday. Kraton Corporation has a 12-month low of $25.09 and a 12-month high of $51.23. 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 company has a market cap of $1,515.98, a price-to-earnings ratio of 19.61 and a beta of 1.21.
Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. The company had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. equities research analysts forecast that Kraton Corporation will post 2.96 EPS for the current fiscal year.
In related news, Director Barry J. Goldstein sold 16,651 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total value of $818,396.65. Following the completion of the sale, the director now owns 42,323 shares of the company’s stock, valued at approximately $2,080,175.45. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James Leo Simmons sold 6,950 shares of the business’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $47.39, for a total transaction of $329,360.50. Following the completion of the sale, the senior vice president now directly owns 25,000 shares of the company’s stock, valued at approximately $1,184,750. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 218,614 shares of company stock valued at $10,434,139. Insiders own 5.01% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in KRA. Russell Investments Group Ltd. purchased a new stake in shares of Kraton Corporation during the first quarter worth $710,000. Swiss National Bank grew its holdings in shares of Kraton Corporation by 2.6% during the first quarter. Swiss National Bank now owns 51,100 shares of the specialty chemicals company’s stock worth $1,580,000 after buying an additional 1,300 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Kraton Corporation by 4.7% during the first quarter. Ameriprise Financial Inc. now owns 162,055 shares of the specialty chemicals company’s stock worth $5,011,000 after buying an additional 7,324 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Kraton Corporation by 3.1% during the first quarter. Prudential Financial Inc. now owns 88,234 shares of the specialty chemicals company’s stock worth $2,728,000 after buying an additional 2,690 shares in the last quarter. Finally, Arizona State Retirement System grew its holdings in shares of Kraton Corporation by 1.3% during the first quarter. Arizona State Retirement System now owns 16,106 shares of the specialty chemicals company’s stock worth $498,000 after buying an additional 200 shares in the last quarter. 95.49% of the stock is owned by institutional investors and hedge funds.
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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