Kraton Corp (KRA) Given Consensus Recommendation of “Hold” by Brokerages

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Shares of Kraton Corp (NYSE:KRA) have earned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $57.50.

A number of brokerages recently commented on KRA. UBS Group lifted their price objective on Kraton from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Thursday, July 26th. ValuEngine downgraded Kraton from a “buy” rating to a “hold” rating in a research report on Tuesday, October 2nd. Zacks Investment Research upgraded Kraton from a “strong sell” rating to a “hold” rating in a research report on Friday, June 29th. Finally, Loop Capital set a $76.00 price objective on Kraton and gave the stock a “buy” rating in a research report on Wednesday, August 15th.

In other Kraton news, CEO Kevin Michael Fogarty sold 27,748 shares of Kraton stock in a transaction on Friday, September 21st. The stock was sold at an average price of $50.00, for a total value of $1,387,400.00. Following the sale, the chief executive officer now owns 273,281 shares in the company, valued at $13,664,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen E. Tremblay sold 13,085 shares of Kraton stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $49.50, for a total value of $647,707.50. Following the completion of the sale, the insider now owns 102,409 shares in the company, valued at approximately $5,069,245.50. The disclosure for this sale can be found here. Insiders sold 50,007 shares of company stock worth $2,489,221 in the last 90 days. Company insiders own 3.70% of the company’s stock.

A number of large investors have recently bought and sold shares of KRA. Bank of Montreal Can grew its stake in shares of Kraton by 28.5% in the third quarter. Bank of Montreal Can now owns 135,461 shares of the specialty chemicals company’s stock valued at $6,387,000 after buying an additional 30,076 shares in the last quarter. United Services Automobile Association grew its stake in shares of Kraton by 20.7% in the second quarter. United Services Automobile Association now owns 7,189 shares of the specialty chemicals company’s stock valued at $332,000 after buying an additional 1,234 shares in the last quarter. Northern Trust Corp grew its stake in shares of Kraton by 4.6% in the second quarter. Northern Trust Corp now owns 674,124 shares of the specialty chemicals company’s stock valued at $31,103,000 after buying an additional 29,882 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Kraton by 169.2% in the second quarter. Advisors Asset Management Inc. now owns 4,162 shares of the specialty chemicals company’s stock valued at $192,000 after buying an additional 2,616 shares in the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Kraton in the second quarter valued at $176,000. Institutional investors own 97.15% of the company’s stock.

Shares of NYSE KRA traded up $0.56 during midday trading on Monday, hitting $37.59. The stock had a trading volume of 273,696 shares, compared to its average volume of 218,917. The company has a market cap of $1.50 billion, a PE ratio of 13.19 and a beta of 1.27. Kraton has a 1 year low of $36.98 and a 1 year high of $53.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 2.40 and a quick ratio of 1.12.

Kraton (NYSE:KRA) last released its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.12). Kraton had a net margin of 3.60% and a return on equity of 17.62%. The firm had revenue of $538.40 million during the quarter, compared to analysts’ expectations of $544.78 million. During the same quarter last year, the business earned $0.82 EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that Kraton will post 3.67 EPS for the current fiscal year.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers and other engineered polymers in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It operates in two segments, Polymer and Chemical. The Polymer segment offers performance products, including styrene-butadiene-styrene and styrene-isoprene-styrene; and specialty polymers, such as hydrogenated styrenic block copolymers, as well as isoprene rubber and isoprene rubber latex for use in medical and personal care products, adhesives, tackifiers, paints, and coatings.

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