Kraton (NYSE:KRA) Rating Lowered to D+ at TheStreet

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Kraton (NYSE:KRA) was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating in a report released on Wednesday, TheStreetRatingsTable reports.

A number of other equities research analysts have also recently issued reports on KRA. Loop Capital boosted their target price on shares of Kraton from $29.00 to $45.00 in a research report on Friday, October 16th. Zacks Investment Research cut shares of Kraton from a “buy” rating to a “hold” rating in a research report on Tuesday. Truist upped their price objective on shares of Kraton from $20.00 to $25.00 in a research report on Tuesday, October 6th. Finally, ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a research report on Tuesday, September 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. Kraton has an average rating of “Hold” and a consensus target price of $23.33.

Shares of Kraton stock traded down $1.25 during trading on Wednesday, reaching $28.18. The company’s stock had a trading volume of 3,185 shares, compared to its average volume of 431,656. The business’s 50-day moving average price is $22.17 and its 200-day moving average price is $16.62. The firm has a market cap of $937.73 million, a PE ratio of 4.80 and a beta of 2.87. Kraton has a 52 week low of $4.45 and a 52 week high of $31.44. The company has a quick ratio of 0.85, a current ratio of 1.84 and a debt-to-equity ratio of 0.89.

Kraton (NYSE:KRA) last announced its earnings results on Wednesday, October 28th. The specialty chemicals company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.66. Kraton had a net margin of 12.08% and a return on equity of 3.64%. Equities analysts predict that Kraton will post 0.35 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Kraton by 83.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 1,337 shares during the period. Bank of Montreal Can increased its stake in shares of Kraton by 135.7% in the second quarter. Bank of Montreal Can now owns 4,884 shares of the specialty chemicals company’s stock valued at $75,000 after buying an additional 2,812 shares during the period. Jane Street Group LLC acquired a new position in shares of Kraton in the first quarter valued at approximately $84,000. First Quadrant L P CA acquired a new position in shares of Kraton in the second quarter valued at approximately $91,000. Finally, Royal Bank of Canada increased its stake in shares of Kraton by 933.1% in the first quarter. Royal Bank of Canada now owns 12,159 shares of the specialty chemicals company’s stock valued at $98,000 after buying an additional 10,982 shares during the period. 93.47% of the stock is owned by institutional investors.

Kraton Company Profile

Kraton Corporation manufactures and sells styrenic block copolymers, specialty polymers, and other products 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 for paving and roofing application; styrene-isoprene-styrene for personal care application; ethylene-vinyl acetate, polyolefins, and metallocene polyolefins for adhesives application; 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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