ValuEngine upgraded shares of Kraton Corporation (NYSE:KRA) from a hold rating to a buy rating in a research report sent to investors on Thursday morning.
Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Kraton Corporation from a hold rating to a buy rating in a research note on Friday, August 25th. SunTrust Banks, Inc. reiterated a buy rating and set a $55.00 price target (up from $45.00) on shares of Kraton Corporation in a research note on Wednesday, October 11th. They noted that the move was a valuation call. UBS AG started coverage on shares of Kraton Corporation in a research note on Friday, September 29th. They set a buy rating and a $65.00 price target on the stock. Loop Capital started coverage on shares of Kraton Corporation in a research note on Thursday, September 28th. They set a buy rating and a $65.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Kraton Corporation from a hold rating to a buy rating and set a $47.00 price target on the stock in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Kraton Corporation has a consensus rating of Hold and a consensus price target of $49.25.
Shares of Kraton Corporation (NYSE KRA) opened at 48.47 on Thursday. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 34.80 and a beta of 1.26. Kraton Corporation has a 1-year low of $24.95 and a 1-year high of $48.74. The stock’s 50 day moving average is $38.84 and its 200 day moving average is $35.00.
Kraton Corporation (NYSE:KRA) last issued its quarterly earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.57. Kraton Corporation had a net margin of 1.27% and a return on equity of 14.19%. The business had revenue of $510.90 million for the quarter, compared to analyst estimates of $481.77 million. During the same period in the previous year, the business posted $0.63 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that Kraton Corporation will post $2.69 EPS for the current year.
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In related news, SVP Holger R. Jung sold 21,202 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP James Leo Simmons sold 6,950 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $47.39, for a total transaction of $329,360.50. Following the sale, the senior vice president now directly owns 25,000 shares in the company, valued at approximately $1,184,750. The disclosure for this sale can be found here. 5.01% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in KRA. US Bancorp DE boosted its holdings in Kraton Corporation by 0.6% during the second quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock worth $132,000 after buying an additional 21 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Kraton Corporation by 80.4% during the second quarter. State of Alaska Department of Revenue now owns 6,152 shares of the specialty chemicals company’s stock worth $211,000 after buying an additional 2,742 shares in the last quarter. LS Investment Advisors LLC boosted its holdings in Kraton Corporation by 31.4% during the third quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock worth $217,000 after buying an additional 1,282 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in Kraton Corporation during the second quarter worth about $220,000. Finally, Aperio Group LLC purchased a new stake in Kraton Corporation during the second quarter worth about $226,000. 97.76% of the stock is currently owned by hedge funds and other institutional investors.
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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