ValuEngine lowered shares of Kraton (NYSE:KRA) from a sell rating to a strong sell rating in a report released on Tuesday morning.

Several other research firms also recently issued reports on KRA. Zacks Investment Research raised Kraton from a strong sell rating to a hold rating in a report on Thursday, March 7th. SunTrust Banks upped their price objective on Kraton to $39.00 and gave the stock a hold rating in a report on Friday, March 1st. They noted that the move was a valuation call. TheStreet raised Kraton from a c rating to a b- rating in a report on Wednesday, February 20th. Stifel Nicolaus started coverage on Kraton in a report on Monday, December 10th. They set a hold rating and a $22.00 price objective on the stock. Finally, JPMorgan Chase & Co. started coverage on Kraton in a report on Tuesday, February 19th. They set a reduce rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Kraton currently has an average rating of Hold and a consensus price target of $44.00.

NYSE:KRA opened at $30.77 on Tuesday. Kraton has a 52-week low of $19.13 and a 52-week high of $53.99. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.93 and a current ratio of 2.19. The firm has a market cap of $974.31 million, a price-to-earnings ratio of 9.74 and a beta of 2.11.

Kraton (NYSE:KRA) last posted its quarterly earnings data on Wednesday, February 27th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.01). Kraton had a return on equity of 14.25% and a net margin of 3.33%. The firm had revenue of $447.78 million for the quarter, compared to analyst estimates of $476.29 million. During the same period in the prior year, the company posted $0.67 EPS. The firm’s quarterly revenue was down 3.9% compared to the same quarter last year. On average, analysts expect that Kraton will post 3.95 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position in shares of Kraton by 413.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,360 shares of the specialty chemicals company’s stock valued at $52,000 after acquiring an additional 1,900 shares during the last quarter. Csenge Advisory Group bought a new stake in shares of Kraton during the 3rd quarter valued at $109,000. Wedge Capital Management L L P NC raised its position in shares of Kraton by 71.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 9,407 shares of the specialty chemicals company’s stock valued at $205,000 after acquiring an additional 3,932 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Kraton during the 3rd quarter valued at $218,000. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Kraton by 341.5% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,093 shares of the specialty chemicals company’s stock valued at $220,000 after acquiring an additional 7,807 shares during the last quarter. Institutional investors own 96.80% of the company’s stock.

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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Analyst Recommendations for Kraton (NYSE:KRA)

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