Kraton Corp (NYSE:KRA) has earned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $44.00.
Several equities analysts recently issued reports on KRA shares. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised Kraton from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday, May 1st. SunTrust Banks upped their target price on Kraton to $39.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. JPMorgan Chase & Co. started coverage on Kraton in a research report on Tuesday, February 19th. They issued a “reduce” rating on the stock. Finally, ValuEngine raised Kraton from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th.
In related news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of the company’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $33.10, for a total value of $198,600.00. Following the transaction, the senior vice president now directly owns 14,910 shares of the company’s stock, valued at approximately $493,521. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.32% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the business. BlueCrest Capital Management Ltd purchased a new stake in Kraton in the first quarter valued at $206,000. Man Group plc boosted its holdings in Kraton by 17.4% in the first quarter. Man Group plc now owns 383,159 shares of the specialty chemicals company’s stock valued at $12,330,000 after purchasing an additional 56,800 shares during the last quarter. Premia Global Advisors LLC purchased a new stake in Kraton in the first quarter valued at $27,000. SEI Investments Co boosted its holdings in Kraton by 15.2% in the first quarter. SEI Investments Co now owns 314,254 shares of the specialty chemicals company’s stock valued at $10,113,000 after purchasing an additional 41,579 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Kraton by 4.7% in the first quarter. Goldman Sachs Group Inc. now owns 343,491 shares of the specialty chemicals company’s stock valued at $11,054,000 after purchasing an additional 15,352 shares during the last quarter. 96.64% of the stock is currently owned by institutional investors.
Shares of KRA stock opened at $26.60 on Tuesday. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.78 and a current ratio of 1.83. Kraton has a 12-month low of $19.13 and a 12-month high of $51.33. The firm has a market cap of $904.76 million, a PE ratio of 8.42 and a beta of 2.06.
Kraton (NYSE:KRA) last released its earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.23. Kraton had a return on equity of 15.20% and a net margin of 2.93%. The firm had revenue of $456.40 million for the quarter, compared to the consensus estimate of $491.65 million. During the same period in the prior year, the firm earned $0.58 EPS. The firm’s revenue was down 9.2% on a year-over-year basis. On average, analysts predict that Kraton will post 3.94 earnings per share for the current 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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