Shares of Kraton Corp (NYSE:KRA) have received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $57.50.
Several research analysts have recently issued reports on KRA shares. ValuEngine cut Kraton from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research raised Kraton from a “strong sell” rating to a “hold” rating in a research report on Friday, June 29th. Loop Capital set a $76.00 price objective on Kraton and gave the stock a “buy” rating in a research report on Wednesday, August 15th. Finally, UBS Group upped their price objective on Kraton from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Thursday, July 26th.
In other news, insider Stephen E. Tremblay sold 13,085 shares of the business’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $49.50, for a total value of $647,707.50. Following the completion of the sale, the insider now directly owns 102,409 shares of the company’s stock, valued at approximately $5,069,245.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin Michael Fogarty sold 27,748 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $50.00, for a total value of $1,387,400.00. Following the completion of the sale, the chief executive officer now directly owns 273,281 shares of the company’s stock, valued at $13,664,050. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,007 shares of company stock valued at $2,489,221. Insiders own 3.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of KRA. BlackRock Inc. lifted its holdings in shares of Kraton by 8.5% in the 2nd quarter. BlackRock Inc. now owns 4,358,381 shares of the specialty chemicals company’s stock valued at $201,097,000 after purchasing an additional 341,081 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Kraton by 11,720.7% in the 2nd quarter. Advisors Asset Management Inc. now owns 182,748 shares of the specialty chemicals company’s stock valued at $192,000 after purchasing an additional 181,202 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Kraton by 255.0% in the 1st quarter. Millennium Management LLC now owns 206,907 shares of the specialty chemicals company’s stock valued at $9,872,000 after purchasing an additional 148,617 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Kraton by 17.0% in the 2nd quarter. Renaissance Technologies LLC now owns 993,000 shares of the specialty chemicals company’s stock valued at $45,817,000 after purchasing an additional 144,000 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Kraton by 2,083.4% in the 1st quarter. Royal Bank of Canada now owns 102,556 shares of the specialty chemicals company’s stock valued at $4,893,000 after purchasing an additional 97,859 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:KRA traded up $0.56 on Monday, hitting $37.59. 273,696 shares of the company’s stock were exchanged, compared to its average volume of 218,917. The stock has a market cap of $1.50 billion, a P/E ratio of 13.19 and a beta of 1.27. Kraton has a 1-year low of $36.98 and a 1-year high of $53.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.12 and a current ratio of 2.40.
Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, July 25th. The specialty chemicals company reported $0.88 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.12). The business had revenue of $538.40 million for the quarter, compared to analyst estimates of $544.78 million. Kraton had a return on equity of 17.62% and a net margin of 3.60%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. On average, equities research analysts predict that Kraton will post 3.67 EPS for the current year.
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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