ValuEngine Upgrades Kraton (KRA) to Sell

Kraton (NYSE:KRA) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Tuesday.

Several other equities analysts have also recently commented on KRA. Zacks Investment Research raised shares of Kraton from a “strong sell” rating to a “hold” rating in a research report on Saturday, December 29th. TheStreet cut shares of Kraton from a “b-” rating to a “c+” rating in a research report on Monday, November 12th. Stifel Nicolaus assumed coverage on shares of Kraton in a research report on Monday, December 10th. They set a “hold” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of Kraton in a research report on Tuesday. They set a “reduce” rating on the stock. Finally, SunTrust Banks cut shares of Kraton from a “buy” rating to a “hold” rating in a research report on Friday, October 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Kraton has an average rating of “Hold” and a consensus target price of $45.67.

Shares of Kraton stock traded up $7.21 during mid-day trading on Tuesday, hitting $36.37. 1,254,700 shares of the stock were exchanged, compared to its average volume of 219,627. Kraton has a 12 month low of $19.13 and a 12 month high of $53.99. The company has a quick ratio of 1.04, a current ratio of 2.33 and a debt-to-equity ratio of 2.11. The stock has a market cap of $931.87 million, a P/E ratio of 12.76 and a beta of 2.05.

In related news, SVP Vijay Mhetar purchased 8,000 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were bought at an average price of $23.13 per share, with a total value of $185,040.00. Following the acquisition, the senior vice president now owns 18,489 shares of the company’s stock, valued at approximately $427,650.57. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.70% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. Texas Permanent School Fund raised its holdings in shares of Kraton by 4.2% in the 4th quarter. Texas Permanent School Fund now owns 20,912 shares of the specialty chemicals company’s stock worth $457,000 after purchasing an additional 849 shares during the period. Legal & General Group Plc grew its stake in Kraton by 1.1% in the 4th quarter. Legal & General Group Plc now owns 75,659 shares of the specialty chemicals company’s stock valued at $1,659,000 after buying an additional 852 shares in the last quarter. Teachers Advisors LLC grew its stake in Kraton by 2.1% in the 3rd quarter. Teachers Advisors LLC now owns 58,367 shares of the specialty chemicals company’s stock valued at $2,752,000 after buying an additional 1,199 shares in the last quarter. United Services Automobile Association grew its stake in Kraton by 20.7% in the 2nd 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. Finally, Nisa Investment Advisors LLC grew its stake in Kraton by 413.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after buying an additional 1,900 shares in the last quarter. 96.42% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Kraton (NYSE:KRA)

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