Kraton Corporation (KRA) Price Target Raised to $30.00 at UBS AG

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.

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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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