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

Kraton Corp (NYSE:KRA) has been assigned an average rating of “Hold” from the six research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $56.67.

Several brokerages have recently commented on KRA. ValuEngine raised Kraton from a “hold” rating to a “buy” rating in a research report on Friday, September 21st. UBS Group raised their target price on Kraton from $38.00 to $39.00 and gave the stock a “sell” rating in a research report on Thursday, July 26th. Zacks Investment Research raised 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 target price on Kraton and gave the stock a “buy” rating in a research report on Wednesday, August 15th.

In related news, CFO Stephen E. Tremblay sold 9,174 shares of the stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $49.50, for a total transaction of $454,113.00. Following the completion of the sale, the chief financial officer now directly owns 98,498 shares in the company, valued at $4,875,651. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Kevin Michael Fogarty sold 27,748 shares of the 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 of the company’s stock, valued at $13,664,050. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,007 shares of company stock valued at $2,489,221. 3.70% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Swiss National Bank raised its holdings in shares of Kraton by 2.1% during the first quarter. Swiss National Bank now owns 54,300 shares of the specialty chemicals company’s stock worth $2,591,000 after acquiring an additional 1,100 shares in the last quarter. Xact Kapitalforvaltning AB raised its holdings in Kraton by 24.2% during the second quarter. Xact Kapitalforvaltning AB now owns 5,644 shares of the specialty chemicals company’s stock valued at $260,000 after buying an additional 1,100 shares in the last quarter. James Investment Research Inc. raised its holdings in Kraton by 1.9% during the second quarter. James Investment Research Inc. now owns 62,820 shares of the specialty chemicals company’s stock valued at $2,899,000 after buying an additional 1,185 shares in the last quarter. Strs Ohio raised its holdings in Kraton by 5.6% during the second quarter. Strs Ohio now owns 22,700 shares of the specialty chemicals company’s stock valued at $1,047,000 after buying an additional 1,200 shares in the last quarter. Finally, United Services Automobile Association raised its holdings in Kraton by 20.7% during 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. Institutional investors and hedge funds own 97.15% of the company’s stock.

Shares of Kraton stock opened at $43.40 on Monday. The firm has a market capitalization of $1.50 billion, a PE ratio of 15.23 and a beta of 1.27. The company has a quick ratio of 1.12, a current ratio of 2.40 and a debt-to-equity ratio of 2.41. Kraton has a 12 month low of $39.99 and a 12 month high of $53.99.

Kraton (NYSE:KRA) last issued its earnings results on Wednesday, July 25th. The specialty chemicals company reported $0.88 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.00 by ($0.12). The business had revenue of $538.40 million during the quarter, compared to analyst estimates of $544.78 million. Kraton had a return on equity of 17.62% and a net margin of 3.60%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.82 EPS. As a group, analysts predict that Kraton will post 3.67 earnings per share for the current fiscal year.

About Kraton

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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