Kraton Corporation (KRA) Receives Consensus Recommendation of “Hold” from Analysts
Kraton Corporation (NYSE:KRA) has been given a consensus rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.50.
Several research firms have recently issued reports on KRA. Loop Capital began coverage on shares of Kraton in a report on Thursday, September 28th. They set a “buy” rating and a $65.00 price objective on the stock. UBS boosted their price objective on shares of Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded shares of Kraton from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Tuesday, October 17th. TheStreet downgraded shares of Kraton from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Finally, ValuEngine downgraded shares of Kraton from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st.
Kraton (NYSE KRA) opened at $47.19 on Tuesday. The company has a market cap of $1,470.00, a price-to-earnings ratio of 18.77 and a beta of 1.18. Kraton has a twelve month low of $25.09 and a twelve month high of $51.23. The company has a quick ratio of 1.19, a current ratio of 2.27 and a debt-to-equity ratio of 2.85.
In other news, SVP James Leo Simmons sold 6,950 shares of Kraton stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $47.39, for a total transaction of $329,360.50. Following the sale, the senior vice president now directly owns 25,000 shares in the company, valued at approximately $1,184,750. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Holger R. Jung sold 21,202 shares of Kraton stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $39.64, for a total transaction of $840,447.28. Following the sale, the senior vice president now owns 48,819 shares in the company, valued at $1,935,185.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,614 shares of company stock worth $10,434,139. 4.71% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. US Bancorp DE boosted its position in shares of Kraton by 0.6% during the 2nd quarter. US Bancorp DE now owns 3,827 shares of the specialty chemicals company’s stock valued at $132,000 after acquiring an additional 21 shares in the last quarter. SG Americas Securities LLC acquired a new position in Kraton in the third quarter valued at about $169,000. LS Investment Advisors LLC boosted its position in Kraton by 31.4% in the third quarter. LS Investment Advisors LLC now owns 5,369 shares of the specialty chemicals company’s stock valued at $217,000 after buying an additional 1,282 shares in the last quarter. UBS Asset Management Americas Inc. acquired a new position in Kraton in the second quarter valued at about $220,000. Finally, 361 Capital LLC acquired a new position in Kraton in the third quarter valued at about $223,000. Institutional investors and hedge funds own 97.50% of the company’s stock.
Kraton Company Profile
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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