Kraton Corp (KRA) Given Average Rating of “Hold” by Analysts

Kraton Corp (NYSE:KRA) has earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.00.

Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Kraton from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 7th. SunTrust Banks upped their price target on Kraton to $39.00 and gave the company a “hold” rating in a research report on Friday, March 1st. They noted that the move was a valuation call. TheStreet raised Kraton from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. ValuEngine raised Kraton from a “strong sell” rating to a “sell” rating in a research report on Tuesday, February 19th. Finally, JPMorgan Chase & Co. assumed coverage on Kraton in a research report on Tuesday, February 19th. They set a “reduce” rating on the stock.

In other news, SVP Vijay Mhetar purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The shares were acquired at an average cost of $23.13 per share, with a total value of $185,040.00. Following the transaction, the senior vice president now owns 18,489 shares in the company, valued at approximately $427,650.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Kraton by 20.1% during the fourth quarter. Geode Capital Management LLC now owns 532,674 shares of the specialty chemicals company’s stock valued at $11,632,000 after acquiring an additional 88,972 shares during the period. Norges Bank acquired a new position in shares of Kraton during the fourth quarter valued at $10,300,000. Hancock Whitney Corp boosted its holdings in shares of Kraton by 3.2% during the fourth quarter. Hancock Whitney Corp now owns 205,019 shares of the specialty chemicals company’s stock valued at $4,478,000 after acquiring an additional 6,405 shares during the period. Legal & General Group Plc boosted its holdings in shares of Kraton by 1.1% during the fourth quarter. Legal & General Group Plc now owns 75,659 shares of the specialty chemicals company’s stock valued at $1,659,000 after acquiring an additional 852 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Kraton by 94.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 43,488 shares of the specialty chemicals company’s stock valued at $950,000 after acquiring an additional 21,163 shares during the period. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of KRA traded down $1.15 during trading on Thursday, reaching $32.81. The company’s stock had a trading volume of 322,225 shares, compared to its average volume of 250,330. Kraton has a twelve month low of $19.13 and a twelve month high of $53.99. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 10.38 and a beta of 2.11. The company has a quick ratio of 0.93, a current ratio of 2.19 and a debt-to-equity ratio of 1.99.

Kraton (NYSE:KRA) last posted its quarterly earnings results on Wednesday, February 27th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.01). The firm had revenue of $447.78 million for the quarter, compared to analyst estimates of $476.29 million. Kraton had a net margin of 3.33% and a return on equity of 14.25%. The business’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.67 earnings per share. On average, equities analysts expect that Kraton will post 3.95 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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Analyst Recommendations for Kraton (NYSE:KRA)

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