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.

Kraton (NYSE:KRA) last announced its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 EPS for the quarter, topping the consensus estimate of $0.94 by $0.57. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The firm had revenue of $510.90 million for the quarter, compared to the consensus estimate of $481.77 million. During the same quarter last year, the firm posted $0.63 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. analysts expect that Kraton will post 2.96 earnings per share for the current fiscal year.

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.

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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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