Kraton Corp (NYSE:KRA) – Research analysts at KeyCorp issued their Q2 2018 earnings per share (EPS) estimates for Kraton in a research note issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst M. Sison expects that the specialty chemicals company will post earnings of $1.05 per share for the quarter.
KRA has been the topic of a number of other reports. Zacks Investment Research cut Kraton from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 26th. UBS Group increased their price target on Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a research report on Wednesday, October 25th. ValuEngine cut Kraton from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, TheStreet cut Kraton from a “b-” rating to a “c” rating in a research report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $51.50.
Shares of Kraton (KRA) traded up $0.81 during trading on Thursday, hitting $46.59. The stock had a trading volume of 241,368 shares, compared to its average volume of 223,582. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. The firm has a market cap of $1,458.08, a PE ratio of 61.30 and a beta of 1.13. Kraton has a fifty-two week low of $25.09 and a fifty-two week high of $53.39.
Several hedge funds have recently modified their holdings of KRA. Rubric Capital Management LP increased its position in shares of Kraton by 509.1% during the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock valued at $24,586,000 after purchasing an additional 508,140 shares during the period. Ameriprise Financial Inc. increased its position in shares of Kraton by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 343,870 shares of the specialty chemicals company’s stock valued at $11,842,000 after purchasing an additional 181,815 shares during the period. BlackRock Inc. increased its position in shares of Kraton by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock valued at $136,919,000 after purchasing an additional 164,103 shares during the period. Brightline Capital Management LLC acquired a new position in shares of Kraton during the 4th quarter valued at $7,226,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Kraton by 167.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 171,823 shares of the specialty chemicals company’s stock valued at $8,277,000 after purchasing an additional 107,523 shares during the period. Institutional investors own 97.08% of the company’s stock.
In other news, insider Kevin Michael Fogarty sold 1,042 shares of Kraton stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.00, for a total transaction of $52,100.00. Following the transaction, the insider now directly owns 197,731 shares in the company, valued at approximately $9,886,550. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.71% of the stock is currently owned by company insiders.
Kraton 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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