Kraton Corp (NYSE:KRA) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokers have set a 12 month consensus price target of $40.00 for the company and are predicting that the company will post $0.55 EPS for the current quarter, according to Zacks. Zacks has also given Kraton Corp an industry rank of 65 out of 265 based on the ratings given to related companies.
A number of research analysts have commented on KRA shares. Zacks Investment Research cut shares of Kraton Corp from a “buy” rating to a “sell” rating in a research note on Tuesday, February 7th. TheStreet upgraded shares of Kraton Corp from a “c+” rating to a “b-” rating in a research note on Thursday, April 27th.
Shares of Kraton Corp (NYSE:KRA) traded up 1.49% during mid-day trading on Thursday, reaching $34.11. The company’s stock had a trading volume of 43,270 shares. The stock has a market capitalization of $1.06 billion, a P/E ratio of 41.65 and a beta of 1.52. Kraton Corp has a 12 month low of $24.95 and a 12 month high of $37.50. The company has a 50 day moving average price of $31.44 and a 200 day moving average price of $29.44.
Kraton Corp (NYSE:KRA) last released its earnings results on Wednesday, April 26th. The specialty chemicals company reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.23) by $0.08. Kraton Corp had a net margin of 6.79% and a return on equity of 18.56%. The business had revenue of $458.10 million during the quarter, compared to analysts’ expectations of $487.17 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities research analysts anticipate that Kraton Corp will post $2.10 earnings per share for the current fiscal year.
In other Kraton Corp news, SVP Holger R. Jung sold 5,805 shares of the firm’s stock in a transaction dated Monday, April 10th. The shares were sold at an average price of $31.33, for a total transaction of $181,870.65. Following the completion of the transaction, the senior vice president now owns 42,585 shares in the company, valued at $1,334,188.05. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin Michael Fogarty sold 27,968 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $35.09, for a total transaction of $981,397.12. Following the transaction, the insider now owns 196,689 shares of the company’s stock, valued at approximately $6,901,817.01. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of KRA. State of Alaska Department of Revenue boosted its position in Kraton Corp by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 3,410 shares of the specialty chemicals company’s stock worth $105,000 after buying an additional 70 shares during the period. US Bancorp DE boosted its position in Kraton Corp by 99.0% in the first quarter. US Bancorp DE now owns 3,806 shares of the specialty chemicals company’s stock worth $118,000 after buying an additional 1,893 shares during the period. LS Investment Advisors LLC boosted its position in Kraton Corp by 279.4% in the first quarter. LS Investment Advisors LLC now owns 4,128 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 3,040 shares during the period. Mason Street Advisors LLC boosted its position in Kraton Corp by 7.0% in the first quarter. Mason Street Advisors LLC now owns 7,229 shares of the specialty chemicals company’s stock worth $224,000 after buying an additional 473 shares during the period. Finally, Airain ltd purchased a new position in Kraton Corp during the first quarter worth about $228,000. Institutional investors own 98.01% of the company’s stock.
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About Kraton Corp
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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