Kraton Corporation (KRA) Receives $58.00 Consensus Target Price from Analysts

Kraton Corporation (NYSE:KRA) has received an average rating of “Buy” from the eight research firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $49.25.

Several equities research analysts have issued reports on the company. ValuEngine raised Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Thursday. UBS Group AG raised their target price on Kraton Corporation from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Wednesday. Zacks Investment Research raised Kraton Corporation from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a research note on Tuesday, October 17th. SunTrust Banks, Inc. reissued a “buy” rating and set a $55.00 target price (up previously from $45.00) on shares of Kraton Corporation in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Finally, BidaskClub raised Kraton Corporation from a “hold” rating to a “buy” rating in a research note on Monday, July 31st.

Kraton Corporation (NYSE:KRA) traded up 3.34% during mid-day trading on Monday, reaching $48.57. The company’s stock had a trading volume of 703,070 shares. Kraton Corporation has a 12-month low of $24.95 and a 12-month high of $48.74. The firm’s 50 day moving average is $37.94 and its 200-day moving average is $34.78. The company has a market cap of $1.52 billion, a PE ratio of 34.87 and a beta of 1.26.

Kraton Corporation (NYSE:KRA) last posted its earnings results on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.57. The company had revenue of $510.90 million during the quarter, compared to analysts’ expectations of $481.77 million. Kraton Corporation had a return on equity of 9.52% and a net margin of 2.36%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 earnings per share. Equities analysts anticipate that Kraton Corporation will post $2.37 earnings per share for the current fiscal year.

In other Kraton Corporation news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $36.81, for a total transaction of $156,516.12. Following the completion of the sale, the senior vice president now owns 25,695 shares of the company’s stock, valued at $945,832.95. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Holger R. Jung sold 21,202 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $39.64, for a total value of $840,447.28. Following the sale, the senior vice president now directly owns 48,819 shares of the company’s stock, valued at approximately $1,935,185.16. The disclosure for this sale can be found here. 5.01% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Kraton Corporation by 4.3% in the second quarter. BlackRock Inc. now owns 3,975,623 shares of the specialty chemicals company’s stock valued at $136,919,000 after buying an additional 164,103 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Kraton Corporation by 2.3% in the second quarter. Vanguard Group Inc. now owns 2,901,209 shares of the specialty chemicals company’s stock valued at $99,918,000 after buying an additional 66,012 shares in the last quarter. Rothschild Asset Management Inc. grew its stake in shares of Kraton Corporation by 5.2% in the second quarter. Rothschild Asset Management Inc. now owns 954,446 shares of the specialty chemicals company’s stock valued at $32,871,000 after buying an additional 47,540 shares in the last quarter. FMR LLC grew its stake in shares of Kraton Corporation by 53.2% in the first quarter. FMR LLC now owns 954,380 shares of the specialty chemicals company’s stock valued at $29,509,000 after buying an additional 331,303 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Kraton Corporation by 5.8% in the second quarter. State Street Corp now owns 740,585 shares of the specialty chemicals company’s stock valued at $25,506,000 after buying an additional 40,284 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

WARNING: This piece was originally posted by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was stolen and republished in violation of international copyright & trademark laws. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/11/11/kraton-corporation-kra-receives-58-00-consensus-target-price-from-analysts.html.

Kraton Corporation Company Profile

Kraton Corporation, formerly Kraton Performance Polymers, Inc, is a specialty chemicals company. The Company manufactures styrenic block copolymers (SBCs) and other engineered polymers. The Company also produces specialty products primarily derived from pine wood pulping co-products. The Company operates through two segments: Polymer Segment, which comprises SBCs and other engineered polymers business, and Chemical Segment, which comprises pine-based specialty products business.

Receive News & Ratings for Kraton Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraton Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply