Kraton Corp (NYSE:KRA) has been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $25.75.
Several research firms have commented on KRA. SunTrust Banks raised shares of Kraton from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Monday. ValuEngine downgraded shares of Kraton from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Macquarie set a $33.00 price objective on shares of Kraton and gave the company a “hold” rating in a report on Friday, October 11th. UBS Group dropped their price objective on shares of Kraton from $25.00 to $17.00 and set a “sell” rating on the stock in a report on Friday, October 11th. Finally, Zacks Investment Research downgraded shares of Kraton from a “hold” rating to a “sell” rating in a report on Thursday, October 17th.
In related news, CEO Kevin Michael Fogarty sold 39,496 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.45, for a total value of $965,677.20. Following the transaction, the chief executive officer now directly owns 298,848 shares in the company, valued at $7,306,833.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Chris H. Russell sold 4,241 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $24.46, for a total transaction of $103,734.86. Following the transaction, the chief accounting officer now owns 7,413 shares in the company, valued at $181,321.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,230 shares of company stock worth $1,184,927. Insiders own 3.32% of the company’s stock.
KRA traded down $0.21 during trading on Friday, hitting $23.58. 10,727 shares of the company traded hands, compared to its average volume of 164,135. The firm has a market cap of $748.75 million, a P/E ratio of 7.46 and a beta of 2.30. The stock’s fifty day moving average is $23.07 and its 200 day moving average is $27.23. The company has a quick ratio of 0.97, a current ratio of 2.26 and a debt-to-equity ratio of 1.79. Kraton has a one year low of $19.13 and a one year high of $40.76.
Kraton (NYSE:KRA) last released its quarterly earnings data on Wednesday, October 23rd. The specialty chemicals company reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.12). The business had revenue of $444.22 million for the quarter, compared to analysts’ expectations of $473.49 million. Kraton had a net margin of 4.89% and a return on equity of 14.96%. Kraton’s revenue for the quarter was down 15.1% compared to the same quarter last year. During the same period last year, the company earned $1.02 earnings per share. On average, equities research analysts forecast that Kraton will post 3.06 EPS for the current fiscal year.
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.
Further Reading: What sectors are represented in the FTSE 100 index?
Receive News & Ratings for Kraton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton and related companies with MarketBeat.com's FREE daily email newsletter.