Weekly Research Analysts’ Ratings Changes for Kraton (KRA)

Several brokerages have updated their recommendations and price targets on shares of Kraton (NYSE: KRA) in the last few weeks:

  • 5/7/2019 – Kraton was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
  • 5/1/2019 – Kraton was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $37.00 price target on the stock. According to Zacks, “Kraton Corp is a producer of styrenic block copolymers, specialty polymers and performance products derived from pine wood pulping co-products. The company’s product are used in a wide range of applications, including adhesives, coatings, consumer and personal care products, sealants and lubricants, and medical, packaging, automotive, paving and roofing applications. Kraton Corporation, formerly known as Kraton Performance Polymers Inc., is headquartered in Houston, Texas. “
  • 4/25/2019 – Kraton was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 4/25/2019 – Kraton was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 4/4/2019 – Kraton was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 3/26/2019 – Kraton was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

KRA stock traded up $0.15 during trading on Thursday, hitting $29.28. The company had a trading volume of 4,487 shares, compared to its average volume of 241,703. The stock has a market capitalization of $914.69 million, a PE ratio of 9.27 and a beta of 2.06. Kraton Corp has a 1-year low of $19.13 and a 1-year high of $51.33. The company has a quick ratio of 0.78, a current ratio of 1.83 and a debt-to-equity ratio of 1.85.

Kraton (NYSE:KRA) last announced its quarterly earnings results on Wednesday, April 24th. The specialty chemicals company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.23. Kraton had a return on equity of 15.20% and a net margin of 2.93%. The business had revenue of $456.40 million for the quarter, compared to analyst estimates of $491.65 million. During the same quarter in the previous year, the company earned $0.58 EPS. The company’s quarterly revenue was down 9.2% on a year-over-year basis. Analysts expect that Kraton Corp will post 3.94 earnings per share for the current fiscal year.

In other Kraton news, SVP Jose Fernando Cherubini Haddad sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $33.10, for a total value of $198,600.00. Following the completion of the sale, the senior vice president now owns 14,910 shares of the company’s stock, valued at $493,521. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.32% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its holdings in Kraton by 0.6% in the fourth quarter. BlackRock Inc. now owns 4,578,771 shares of the specialty chemicals company’s stock worth $100,001,000 after purchasing an additional 25,300 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kraton by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 3,281,113 shares of the specialty chemicals company’s stock valued at $154,705,000 after acquiring an additional 53,361 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kraton by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,658,907 shares of the specialty chemicals company’s stock worth $85,563,000 after buying an additional 62,414 shares during the period. Rothschild & Co. Asset Management US Inc. lifted its holdings in shares of Kraton by 7.6% in the 4th quarter. Rothschild & Co. Asset Management US Inc. now owns 947,842 shares of the specialty chemicals company’s stock worth $20,701,000 after buying an additional 67,320 shares during the period. Finally, Evermore Global Advisors LLC lifted its holdings in shares of Kraton by 12.1% in the 1st quarter. Evermore Global Advisors LLC now owns 705,832 shares of the specialty chemicals company’s stock worth $22,714,000 after buying an additional 76,100 shares during the period. 95.92% of the stock is owned by institutional investors.

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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