A number of other research firms have also recently weighed in on KRA. TheStreet upgraded shares of Kraton from a c rating to a b- rating in a research note on Thursday, March 1st. ValuEngine upgraded shares of Kraton from a buy rating to a strong-buy rating in a research note on Thursday, March 1st. Zacks Investment Research cut shares of Kraton from a strong-buy rating to a hold rating in a research note on Tuesday, December 26th. Finally, UBS restated a sell rating and set a $33.00 target price (up previously from $30.00) on shares of Kraton in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kraton presently has a consensus rating of Buy and a consensus price target of $55.00.
Kraton (NYSE:KRA) opened at $49.27 on Tuesday. The company has a debt-to-equity ratio of 2.36, a quick ratio of 0.96 and a current ratio of 2.08. Kraton has a one year low of $27.27 and a one year high of $53.39. The firm has a market cap of $1,507.05, a price-to-earnings ratio of 16.15 and a beta of 1.26.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. increased its holdings in Kraton by 6.7% in the 3rd quarter. Prudential Financial Inc. now owns 55,784 shares of the specialty chemicals company’s stock valued at $2,256,000 after acquiring an additional 3,490 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Kraton by 46.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 16,569 shares of the specialty chemicals company’s stock valued at $670,000 after acquiring an additional 5,268 shares during the last quarter. Sei Investments Co. increased its holdings in Kraton by 12.9% in the 3rd quarter. Sei Investments Co. now owns 210,040 shares of the specialty chemicals company’s stock valued at $8,494,000 after acquiring an additional 24,040 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Kraton by 44.7% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 14,220 shares of the specialty chemicals company’s stock valued at $575,000 after acquiring an additional 4,390 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Kraton in the 3rd quarter valued at $999,000. Institutional investors own 95.97% of the company’s stock.
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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.
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