Kraton Corp (NYSE:KRA) has earned a consensus recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $50.00.

A number of research analysts recently issued reports on KRA shares. ValuEngine raised shares of Kraton from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. SunTrust Banks reissued a “buy” rating and issued a $55.00 price objective (up from $45.00) on shares of Kraton in a research note on Wednesday, October 11th. They noted that the move was a valuation call. TheStreet cut shares of Kraton from a “b-” rating to a “c” rating in a research note on Wednesday, October 25th. Zacks Investment Research raised shares of Kraton from a “sell” rating to a “hold” rating and set a $56.00 price objective on the stock in a research note on Saturday, October 28th. Finally, UBS Group started coverage on shares of Kraton in a research note on Friday, September 29th. They issued a “buy” rating and a $65.00 price objective on the stock.

Kraton (KRA) opened at $52.72 on Friday. The stock has a market cap of $1,650.00, a P/E ratio of 68.47 and a beta of 1.19. The company has a debt-to-equity ratio of 2.85, a current ratio of 2.27 and a quick ratio of 1.19. Kraton has a one year low of $25.09 and a one year high of $52.97.

Kraton (NYSE:KRA) last announced its quarterly earnings data on Tuesday, October 24th. The specialty chemicals company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.57. The business had revenue of $510.90 million for the quarter, compared to analysts’ expectations of $481.77 million. Kraton had a net margin of 1.27% and a return on equity of 14.19%. The firm’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. equities analysts anticipate that Kraton will post 2.96 EPS for the current fiscal year.

In other Kraton news, insider Stephen E. Tremblay sold 49,623 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $48.02, for a total transaction of $2,382,896.46. Following the sale, the insider now owns 83,930 shares of the company’s stock, valued at $4,030,318.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kevin Michael Fogarty sold 1,042 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $50.00, for a total transaction of $52,100.00. Following the sale, the insider now directly owns 197,731 shares in the company, valued at approximately $9,886,550. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 198,454 shares of company stock worth $9,645,791. Insiders own 4.71% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rubric Capital Management LP grew its stake in shares of Kraton by 509.1% during the third quarter. Rubric Capital Management LP now owns 607,952 shares of the specialty chemicals company’s stock worth $24,586,000 after buying an additional 508,140 shares during the last quarter. Algert Global LLC bought a new stake in shares of Kraton during the third quarter worth $495,000. Uniplan Investment Counsel Inc. grew its stake in shares of Kraton by 45.8% during the third quarter. Uniplan Investment Counsel Inc. now owns 237,590 shares of the specialty chemicals company’s stock worth $9,608,000 after buying an additional 74,590 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Kraton during the third quarter worth $232,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Kraton by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,631,627 shares of the specialty chemicals company’s stock worth $106,419,000 after buying an additional 13,374 shares during the last quarter. 97.46% of the stock is currently owned by hedge funds and other institutional investors.

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Kraton Company Profile

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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