A number of other research firms have also recently issued reports on KRA. Loop Capital decreased their target price on Kraton from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Zacks Investment Research upgraded Kraton from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Thursday, September 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.00.
Kraton stock opened at $17.87 on Tuesday. Kraton has a 12-month low of $4.45 and a 12-month high of $34.10. The company has a quick ratio of 0.85, a current ratio of 1.84 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $14.95 and its two-hundred day moving average price is $13.41. The stock has a market cap of $569.39 million, a PE ratio of 2.92 and a beta of 3.07.
Kraton (NYSE:KRA) last released its earnings results on Wednesday, July 29th. The specialty chemicals company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.22. Kraton had a return on equity of 3.64% and a net margin of 12.08%. The firm had revenue of $355.68 million for the quarter, compared to analysts’ expectations of $370.70 million. As a group, analysts expect that Kraton will post 0.28 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of Kraton by 19.2% during the first quarter. Invesco Ltd. now owns 1,070,423 shares of the specialty chemicals company’s stock worth $8,671,000 after purchasing an additional 172,094 shares during the last quarter. State Street Corp grew its holdings in shares of Kraton by 10.5% during the first quarter. State Street Corp now owns 1,063,736 shares of the specialty chemicals company’s stock worth $8,616,000 after purchasing an additional 101,156 shares during the last quarter. Weber Alan W grew its holdings in shares of Kraton by 47.7% during the first quarter. Weber Alan W now owns 888,887 shares of the specialty chemicals company’s stock worth $7,200,000 after purchasing an additional 286,887 shares during the last quarter. First Wilshire Securities Management Inc. grew its holdings in shares of Kraton by 154.2% during the first quarter. First Wilshire Securities Management Inc. now owns 887,766 shares of the specialty chemicals company’s stock worth $7,191,000 after purchasing an additional 538,497 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Kraton by 1,741.5% in the second quarter. Victory Capital Management Inc. now owns 855,066 shares of the specialty chemicals company’s stock worth $14,776,000 after acquiring an additional 808,633 shares during the period. Institutional investors own 93.47% 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.
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