Kraton Corporation (KRA) Receiving Somewhat Favorable News Coverage, Study Finds

Media coverage about Kraton Corporation (NYSE:KRA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kraton Corporation earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news stories about the specialty chemicals company an impact score of 47.3314612437661 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news stories that may have effected Accern’s analysis:

Several research analysts have commented on the company. Zacks Investment Research lowered Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub raised Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. KeyCorp reissued a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. Loop Capital assumed coverage on Kraton Corporation in a research report on Thursday, September 28th. They issued a “buy” rating and a $65.00 price objective on the stock. Finally, UBS AG assumed coverage on Kraton Corporation in a research report on Friday, September 29th. They issued a “buy” rating and a $65.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $49.25.

Kraton Corporation (KRA) traded down 0.21% on Friday, reaching $48.47. The company’s stock had a trading volume of 618,195 shares. The stock has a 50 day moving average price of $38.84 and a 200-day moving average price of $35.00. Kraton Corporation has a 1-year low of $24.95 and a 1-year high of $48.74. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 34.80 and a beta of 1.26.

Kraton Corporation (NYSE:KRA) last issued its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.57. The firm had revenue of $510.90 million during the quarter, compared to analysts’ expectations of $481.77 million. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. Kraton Corporation’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Equities analysts predict that Kraton Corporation will post $2.69 earnings per share for the current fiscal year.

In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the sale, the senior vice president now directly owns 25,695 shares in the company, valued at $945,832.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total transaction of $840,447.28. Following the sale, the senior vice president now owns 48,819 shares of the company’s stock, valued at $1,935,185.16. The disclosure for this sale can be found here. Insiders sold 32,404 shares of company stock valued at $1,326,324 over the last quarter. 5.01% of the stock is currently owned by corporate insiders.

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About Kraton Corporation

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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