Kraton (KRA) Lifted to “Buy” at ValuEngine

Kraton (NYSE:KRA) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

Other equities research analysts have also issued research reports about the stock. SunTrust Banks reissued a “buy” rating and issued a $55.00 price target (up previously from $45.00) on shares of Kraton in a report on Wednesday, October 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Kraton from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Tuesday, October 17th. TheStreet lowered shares of Kraton from a “b-” rating to a “c” rating in a report on Wednesday, October 25th. Finally, UBS Group raised their price target on shares of Kraton from $28.00 to $30.00 and gave the stock a “sell” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $51.50.

Shares of Kraton (NYSE:KRA) traded down $3.28 during trading on Friday, reaching $48.06. 463,969 shares of the company’s stock were exchanged, compared to its average volume of 227,915. The company has a market cap of $1,500.00, a price-to-earnings ratio of 62.42 and a beta of 1.13. Kraton has a 1-year low of $25.09 and a 1-year high of $53.39. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.19 and a current ratio of 2.27.

In other news, Director Barry J. Goldstein sold 16,651 shares of Kraton stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $49.15, for a total transaction of $818,396.65. Following the sale, the director now owns 42,323 shares of the company’s stock, valued at approximately $2,080,175.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin Michael Fogarty sold 1,042 shares of Kraton stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $50.00, for a total transaction of $52,100.00. Following the sale, the insider now directly owns 197,731 shares in the company, valued at approximately $9,886,550. The disclosure for this sale can be found here. Insiders own 4.71% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in KRA. Rubric Capital Management LP boosted its stake in shares of Kraton by 509.1% during the 3rd quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock valued at $24,586,000 after purchasing an additional 508,140 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Kraton by 112.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 343,870 shares of the specialty chemicals company’s stock valued at $11,842,000 after purchasing an additional 181,815 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Kraton by 4.3% during the 2nd quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock valued at $136,919,000 after purchasing an additional 164,103 shares in the last quarter. TVR Capital Management LP boosted its stake in shares of Kraton by 253.3% during the 2nd quarter. TVR Capital Management LP now owns 140,255 shares of the specialty chemicals company’s stock valued at $4,831,000 after purchasing an additional 100,555 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. boosted its stake in shares of Kraton by 45.8% during the 3rd quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock valued at $9,608,000 after purchasing an additional 74,590 shares in the last quarter. 97.00% of the stock is currently owned by hedge funds and other institutional investors.

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About Kraton

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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