Kraton Corporation (KRA) Lifted to Buy at BidaskClub

BidaskClub upgraded shares of Kraton Corporation (NYSE:KRA) from a hold rating to a buy rating in a research note published on Monday, July 31st.

Other research analysts have also issued research reports about the stock. UBS AG reissued a sell rating and issued a $27.00 price target (up previously from $26.00) on shares of Kraton Corporation in a research report on Sunday, June 25th. Zacks Investment Research lowered shares of Kraton Corporation from a strong-buy rating to a hold rating in a research report on Wednesday, July 5th. Finally, TheStreet raised shares of Kraton Corporation from a c+ rating to a b- rating in a report on Thursday, April 27th.

Kraton Corporation (NYSE KRA) traded down 0.24% during midday trading on Monday, hitting $33.76. The company had a trading volume of 241,541 shares. The stock has a 50 day moving average of $34.83 and a 200 day moving average of $31.57. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 24.24 and a beta of 1.23. Kraton Corporation has a 52-week low of $24.95 and a 52-week high of $37.50.

Kraton Corporation (NYSE:KRA) last posted its quarterly earnings results on Wednesday, July 26th. The specialty chemicals company reported $0.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.24. Kraton Corporation had a net margin of 2.36% and a return on equity of 9.52%. The firm had revenue of $525.30 million during the quarter, compared to analyst estimates of $506.58 million. During the same quarter in the prior year, the business posted $0.63 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, analysts anticipate that Kraton Corporation will post $2.28 EPS for the current year.

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In other news, SVP James Leo Simmons sold 4,252 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were 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 document filed with the SEC, which is accessible through this link. Company insiders own 5.01% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC boosted its stake in Kraton Corporation by 138.5% in the first quarter. Nuveen Asset Management LLC now owns 710,282 shares of the specialty chemicals company’s stock valued at $21,962,000 after buying an additional 412,530 shares during the period. Sei Investments Co. boosted its stake in Kraton Corporation by 21.9% in the first quarter. Sei Investments Co. now owns 156,623 shares of the specialty chemicals company’s stock valued at $4,843,000 after buying an additional 28,140 shares during the period. U S Global Investors Inc boosted its stake in Kraton Corporation by 18.4% in the first quarter. U S Global Investors Inc now owns 42,623 shares of the specialty chemicals company’s stock valued at $1,318,000 after buying an additional 6,623 shares during the period. Guggenheim Capital LLC bought a new stake in Kraton Corporation during the fourth quarter valued at approximately $1,924,000. Finally, Hancock Holding Co. boosted its stake in Kraton Corporation by 19.2% in the first quarter. Hancock Holding Co. now owns 313,060 shares of the specialty chemicals company’s stock valued at $9,680,000 after buying an additional 50,450 shares during the period. 97.54% of the stock is currently owned by institutional investors and hedge funds.

About Kraton Corporation

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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