Kraton (KRA) Rating Lowered to Buy at ValuEngine

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.

Kraton (NYSE:KRA) last released its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.57. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The firm had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. research analysts expect that Kraton will post 2.96 earnings per share for the current fiscal year.

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.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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