Kraton (NYSE:KRA) Raised to Sell at ValuEngine

Kraton (NYSE:KRA) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a note issued to investors on Thursday, ValuEngine reports.

KRA has been the subject of several other reports. Zacks Investment Research downgraded shares of Kraton from a “buy” rating to a “hold” rating in a research note on Tuesday, August 27th. SunTrust Banks set a $33.00 price target on shares of Kraton and gave the stock a “hold” rating in a research note on Monday, July 15th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Kraton presently has an average rating of “Hold” and a consensus target price of $29.67.

NYSE:KRA traded up $0.38 during midday trading on Thursday, hitting $34.06. The company had a trading volume of 199,636 shares, compared to its average volume of 219,537. Kraton has a 52-week low of $19.13 and a 52-week high of $50.20. The stock’s fifty day moving average price is $28.51 and its 200-day moving average price is $30.46. The company has a market capitalization of $1.07 billion, a PE ratio of 10.78 and a beta of 2.38. The company has a quick ratio of 0.82, a current ratio of 1.89 and a debt-to-equity ratio of 1.85.



Kraton (NYSE:KRA) last announced its earnings results on Wednesday, July 24th. The specialty chemicals company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.49. Kraton had a net margin of 5.92% and a return on equity of 17.62%. The company had revenue of $495.28 million during the quarter, compared to analyst estimates of $539.35 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, research analysts forecast that Kraton will post 4.26 earnings per share for the current year.

In other Kraton news, SVP Holger R. Jung sold 13,102 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $30.75, for a total value of $402,886.50. Following the completion of the sale, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at $1,344,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Holger R. Jung sold 6,640 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $31.04, for a total transaction of $206,105.60. Following the completion of the sale, the senior vice president now directly owns 43,738 shares of the company’s stock, valued at $1,357,627.52. The disclosure for this sale can be found here. Insiders own 3.32% of the company’s stock.

Several large investors have recently modified their holdings of KRA. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 222,966 shares during the last quarter. Marshall Wace LLP raised its stake in shares of Kraton by 239.8% during the first quarter. Marshall Wace LLP now owns 292,314 shares of the specialty chemicals company’s stock valued at $9,408,000 after acquiring an additional 206,277 shares during the last quarter. Nuveen Asset Management LLC bought a new position in shares of Kraton during the second quarter valued at about $6,166,000. Invesco Ltd. raised its stake in shares of Kraton by 25.2% during the second quarter. Invesco Ltd. now owns 835,483 shares of the specialty chemicals company’s stock valued at $25,958,000 after acquiring an additional 168,065 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Kraton by 94.4% during the second quarter. Morgan Stanley now owns 298,618 shares of the specialty chemicals company’s stock valued at $9,278,000 after acquiring an additional 145,015 shares during the last quarter. 95.76% of the stock is owned by hedge funds and other institutional investors.

Kraton Company Profile

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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