Kraton Performance Polymers Upgraded at Zacks (KRA)
Kraton Performance Polymers (NYSE:KRA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday. The firm currently has a $20.70 price objective on the stock. Zacks‘s target price points to a potential upside of 2.27% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Kraton Performance Polymers has a consensus rating of “Hold” and a consensus target price of $25.57.
Shares of Kraton Performance Polymers (NYSE:KRA) traded up 1.53% on Tuesday, hitting $20.55. 139,011 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 $21.03 and its 200-day moving average is $24.56. The company has a market cap of $674.0 million and a P/E ratio of 266.32.
Kraton Performance Polymers (NYSE:KRA) last released its earnings data on Wednesday, July 30th. The company reported $0.46 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.15 earnings per share. Kraton Performance Polymers’s revenue was down 3.2% compared to the same quarter last year. On average, analysts predict that Kraton Performance Polymers will post $1.42 earnings per share for the current fiscal year.
In other Kraton Performance Polymers news, VP Lothar Freund sold 2,875 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $20.06, for a total transaction of $57,672.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Kraton Performance Polymers, Inc, is a producer of styrenic block copolymers (NYSE:KRA) and other engineered polymers.
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