ValuEngine cut shares of Kraton (NYSE:KRA) from a strong-buy rating to a buy rating in a research report sent to investors on Friday.
Other research analysts also recently issued research reports about the stock. SunTrust Banks restated a buy rating and set a $55.00 price objective (up previously from $45.00) on shares of Kraton in a report on Wednesday, October 11th. They noted that the move was a valuation call. UBS initiated coverage on shares of Kraton in a report on Friday, September 29th. They set a buy rating and a $65.00 price objective on the stock. Loop Capital initiated coverage on shares of Kraton in a report on Thursday, September 28th. They set a buy rating and a $65.00 price objective on the stock. BidaskClub upgraded shares of Kraton from a hold rating to a buy rating in a report on Friday, August 25th. Finally, Zacks Investment Research upgraded shares of Kraton from a hold rating to a buy rating and set a $47.00 target price for the company in a report on Tuesday, October 17th. One 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 company currently has a consensus rating of Hold and a consensus target price of $51.50.
Kraton (NYSE:KRA) opened at $45.49 on Friday. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27. Kraton has a 1 year low of $25.09 and a 1 year high of $51.23. The stock has a market cap of $1,420.00, a price-to-earnings ratio of 18.92 and a beta of 1.18.
In other news, SVP Holger R. Jung sold 21,202 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total value of $840,447.28. Following the completion of the sale, the senior vice president now owns 48,819 shares in the company, valued at $1,935,185.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP James Leo Simmons sold 6,950 shares of the stock in a transaction dated Friday, October 27th. The shares were 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 owns 25,000 shares of the company’s stock, valued at approximately $1,184,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,614 shares of company stock valued at $10,434,139. 4.71% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of KRA. US Bancorp DE grew its position in Kraton by 0.6% during the second quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after buying an additional 21 shares during the period. SG Americas Securities LLC bought a new position in Kraton during the third quarter valued at about $169,000. State of Alaska Department of Revenue grew its position in Kraton 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 valued at $211,000 after buying an additional 2,742 shares during the period. LS Investment Advisors LLC grew its position in Kraton by 31.4% during the third quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 1,282 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in Kraton during the second quarter valued at about $220,000. Institutional investors own 97.50% of the company’s stock.
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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