Insider Selling: Kraton Performance Polymers VP Unloads 2,875 Shares of Stock (KRA)
Kraton Performance Polymers (NYSE:KRA) VP Lothar Freund sold 2,875 shares of the stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $20.06, for a total value of $57,672.50. Following the transaction, the vice president now directly owns 14,915 shares in the company, valued at approximately $299,195. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Kraton Performance Polymers (NYSE:KRA) traded down 1.25% on Friday, hitting $19.73. The stock had a trading volume of 219,765 shares. Kraton Performance Polymers has a 1-year low of $18.33 and a 1-year high of $28.87. The stock’s 50-day moving average is $21.32 and its 200-day moving average is $24.79. The company has a market cap of $647.1 million and a P/E ratio of 262.89.
Kraton Performance Polymers (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.52 by $0.06. The company had revenue of $323.80 million for the quarter, compared to the consensus estimate of $342.61 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company’s quarterly revenue was down 3.2% on a year-over-year basis. Analysts expect that Kraton Performance Polymers will post $1.42 EPS for the current fiscal year.
KRA has been the subject of a number of recent research reports. 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.
Kraton Performance Polymers, Inc, is a producer of styrenic block copolymers (NYSE:KRA) and other engineered polymers.
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