Kraton Performance Polymers Downgraded to Underperform at Zacks (KRA)
Kraton Performance Polymers (NYSE:KRA) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Tuesday. They currently have a $21.30 price objective on the stock. Zacks‘s price objective points to a potential downside of 2.92% from the stock’s previous close.
A number of other firms have also recently commented on KRA. Analysts at SunTrust set a $26.00 price target on shares of Kraton Performance Polymers in a research note on Wednesday, June 25th. Separately, analysts at Credit Suisse downgraded shares of Kraton Performance Polymers from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. Finally, analysts at Oppenheimer upgraded shares of Kraton Performance Polymers from a “market perform” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $30.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.77.
Shares of Kraton Performance Polymers (NYSE:KRA) traded down 2.01% on Tuesday, hitting $21.94. 415,142 shares of the company’s stock traded hands. Kraton Performance Polymers has a one year low of $18.33 and a one year high of $28.87. The stock’s 50-day moving average is $24.8 and its 200-day moving average is $25.18. The company’s market cap is $719.1 million.
Kraton Performance Polymers (NYSE:KRA) last released its earnings data on Tuesday, April 29th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.08. The company had revenue of $311.70 million for the quarter, compared to the consensus estimate of $328.05 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. Analysts expect that Kraton Performance Polymers will post $1.63 EPS for the current fiscal year.
Kraton Performance Polymers, Inc, is a producer of styrenic block copolymers (NYSE:KRA) and other engineered polymers.
To view Zacks’ full report, visit Zacks’ official website.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.