A number of other analysts have also weighed in on KRA. SunTrust Banks set a $33.00 target price on shares of Kraton and gave the stock a hold rating in a report on Monday, July 15th. Zacks Investment Research lowered shares of Kraton from a buy rating to a hold rating in a report on Thursday, September 26th. Three research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The company has an average rating of Hold and an average target price of $24.75.
Shares of Kraton stock traded up $0.85 during trading on Thursday, reaching $21.27. 766,534 shares of the stock were exchanged, compared to its average volume of 236,181. The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 1.85. The stock’s fifty day moving average is $30.31 and its 200 day moving average is $30.12. The firm has a market cap of $950.88 million, a price-to-earnings ratio of 6.73 and a beta of 2.37. Kraton has a 1 year low of $19.13 and a 1 year high of $40.76.
Kraton (NYSE:KRA) last posted its earnings results on Wednesday, July 24th. The specialty chemicals company reported $1.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.49. The company had revenue of $495.28 million during the quarter, compared to analyst estimates of $539.35 million. Kraton had a net margin of 5.92% and a return on equity of 17.62%. Kraton’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 earnings per share. Equities analysts forecast that Kraton will post 4.26 earnings per share for the current year.
In other Kraton news, SVP Holger R. Jung sold 6,640 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $31.04, for a total value of $206,105.60. Following the completion of the sale, the senior vice president now directly owns 43,738 shares in the company, valued at $1,357,627.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Holger R. Jung sold 13,102 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $30.75, for a total transaction of $402,886.50. Following the completion of the sale, the senior vice president now owns 43,738 shares of the company’s stock, valued at $1,344,943.50. The disclosure for this sale can be found here. Company insiders own 3.32% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Wedge Capital Management L L P NC lifted its holdings in Kraton by 13.7% in the second quarter. Wedge Capital Management L L P NC now owns 8,707 shares of the specialty chemicals company’s stock worth $271,000 after buying an additional 1,046 shares during the period. Bbva USA Bancshares Inc. lifted its holdings in Kraton by 13.5% in the second quarter. Bbva USA Bancshares Inc. now owns 12,677 shares of the specialty chemicals company’s stock worth $394,000 after buying an additional 1,503 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Kraton during the second quarter valued at approximately $327,000. Susquehanna International Group LLP lifted its holdings in shares of Kraton by 750.1% during the second quarter. Susquehanna International Group LLP now owns 11,901 shares of the specialty chemicals company’s stock valued at $370,000 after purchasing an additional 10,501 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Kraton by 229.0% during the second quarter. JPMorgan Chase & Co. now owns 320,311 shares of the specialty chemicals company’s stock valued at $9,681,000 after purchasing an additional 222,966 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.
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.
Further Reading: Buyback For Investors Defined
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