Kraton Corporation (NYSE:KRA) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $58.00.

A number of equities research analysts recently issued reports on the company. BidaskClub raised Kraton Corporation from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. UBS AG reissued a “sell” rating and set a $27.00 price target (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. Zacks Investment Research downgraded Kraton Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Kraton Corporation in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and set a $55.00 price target (up previously from $45.00) on shares of Kraton Corporation in a research report on Wednesday, October 11th. They noted that the move was a valuation call.

In other Kraton Corporation news, SVP Holger R. Jung sold 21,202 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $39.64, for a total transaction of $840,447.28. Following the completion of the sale, the senior vice president now directly owns 48,819 shares in the company, valued at $1,935,185.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP James Leo Simmons sold 4,252 shares of the company’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.81, for a total value of $156,516.12. Following the sale, the senior vice president now owns 25,695 shares of the company’s stock, valued at $945,832.95. The disclosure for this sale can be found here. 5.01% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. US Bancorp DE lifted its stake in Kraton Corporation by 0.6% during the second quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock worth $132,000 after purchasing an additional 21 shares during the last quarter. Alps Advisors Inc. lifted its stake in Kraton Corporation by 0.3% during the second quarter. Alps Advisors Inc. now owns 17,059 shares of the specialty chemicals company’s stock worth $588,000 after purchasing an additional 44 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Kraton Corporation by 0.8% during the second quarter. Louisiana State Employees Retirement System now owns 12,700 shares of the specialty chemicals company’s stock worth $437,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in Kraton Corporation by 0.6% during the second quarter. Arizona State Retirement System now owns 16,206 shares of the specialty chemicals company’s stock worth $558,000 after purchasing an additional 100 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Kraton Corporation by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 23,046 shares of the specialty chemicals company’s stock worth $794,000 after purchasing an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Kraton Corporation (NYSE:KRA) opened at 41.99 on Monday. Kraton Corporation has a 52-week low of $24.95 and a 52-week high of $42.27. The company has a market cap of $1.31 billion, a P/E ratio of 30.14 and a beta of 1.26. The company’s 50 day moving average price is $37.16 and its 200 day moving average price is $34.48.

Kraton Corporation (NYSE:KRA) last issued its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.24. The business had revenue of $525.30 million for the quarter, compared to the consensus estimate of $506.58 million. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.63 earnings per share. Equities research analysts anticipate that Kraton Corporation will post $2.23 EPS for the current fiscal year.

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About Kraton Corporation

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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